My thoughts are, from your posts,, you want the newer 150 rather then the 68' model. Buying an airplane is quite difficult, but the MOST important thing is you need to be happy afterwards with the deal. You're going to spend a lot of time with your 150, and providing the history is good with both, go for what you want and that ceratinly seems to be the newer one. In all honesty, we always look for the best deal, but the best is what makes you happy. As far as the second owner,, negotiate your way out of it,, Hung has a good suggestion,, but discuss it with the second owner and see where it goes,, but have the 500 in your back pocket if required. Hope this works out for you,, keep us posted, and when you get the 1978 150,, post lot's of pictures,, good luck,