Rusty,
As previously mentioned, a King KX-170 or 175 with a VOR indicator would fill your needs. You may even find a radio and indicator with glide slope capabilities. A radio like this could stay with panel improvements. On the other hand, this radio is a used radio and repairs could be expensive.
Another low cost option would be a ValCom 760 Comm radio with a Loran for navigation. A new ValCom 760 would set you back $800, or $900 with a prewired harness. Other Comms to consider would be the King KX-97 or an ICOM (TSO?ed version). A current copy of Trade-A-Plane would help when comparing prices. A little research on the new will help define the capabilities of each.
To the best of my knowledge, the only two Lorans that are still supported by the manufacturers are the Northstar M1 and the King KLN-88. The Northstar M1 with a reasonably up to date database would be about $250. I have an M1 that was easy to install, works well and does well without exterior cooling. (Installed under the supervision of my A&P/AI.) The M1?s are simple to install and easy to use. The KLN-88 has a screen and requires exterior cooling. However the KLN-88 does have the ability to be upgraded to IFR.
A Comm step-up would be the Apollo UPSAT SL-30. This is a comm radio only, however it does have the ability to monitor the stand-by frequency. This is almost like having a second radio. This radio also has a built in intercom.
Don?t be rushed, enjoy the hunt, and Good Luck.
