Negative squawk
TC,
Over the past 9 years I have owned 3 different PFA aircraft. None of them have had transponders and there really isn't anywhere that I may want to go, that not having a transponder precludes me from.
You sometimes have to be a little imaginative with routings to avoid certain parts of controlled airspace but to me that generally adds to the enjoyment!
Funny old thing - the aeroplane will fly just as well with no ADF, VOR or Parrot!
Stik