I agree. I never fly without a chart in my lap or by my side. It's just that I have flown in some very desolate areas out here in the Southwest, so I like to be armed with a chart, a GPS and I think a LORAN would be handy. I think when they started the Gulf War, GPS service suddenly went off-line, and if I'm flying at night near Presidio, Texas and the Big Bend... it would be nice to have that LORAN to take me home. And I don't care if it has a recent update, ELP, MID, DFW and FST will always be at the same location...
My Cessna has two radios, and I'm going to pull them, installing a new Narco. With the spare slot, I might stab the King LORAN in the panel.
My father used to joke with non-pilot types that he only would fly if the airplane had, "two engines, two pilots, two vacuum pumps and two wings..."

He survived flying many years over the Rocky Mountains and having two of nearly everything saved him on more than one occasion. Thus my lust for a backup (and inexpensive)King LORAN for assistance. A good one is on Ebay at the moment.