I'm grateful for the replies and 'all ears' to advice and lessons learned. Though each of those replies deserves an individual note, I'll save everyone some space on the forum by summarizing: given my druthers to avoid 'projects' and any planes needing immediate work, I think I should take time to look for a plane in Texas (or not much further), a mid-time engine and other specs that point to no more than average risk, and use the time to also get smarter about the plane mechanically and all the aspects of ownership.

I'm in Austin, Texas. If anyone reading this has any leads that aren't too distant, I'd welcome hearing about 'em.

I can see why the long-time members are fond of this club! Good folks who are happy to help other 150/152 enthusiasts!

John also at johnchilstrom@yahoo.com