Brian,
Thank you for taking the time to review the plane. I appreciate the input on what to expect of 1200-hr engine.
I am, indeed, looking for a timebuilder. Would like to complete ratings through CFII, so basic IFR capes are a must; GPS is barely a nice-to-have as I have a handheld that serves me well.
I am not necessarily looking to "keep" the plane (although, I *could* end up using it for freelance instruction; or, maybe it'd just be a nice addition to the fleet, once I have my acro plane ;)). So, your point about the mid-time engine is well taken - wouldn't want to try to turn the plane once it's totally run-out.