Depends what you want the A/c to do and what your licences allow you to do.
If you want to go IFR, probably an N-reg. Problem is that the N-reg route could be taken away at any time (doubtful but possible).
Personally while I used to consider N-reg a high priority, my choice is whether I'll go for C of A or PFA.
I'm in Ireland but it makes no difference, it's pased on the UK system. PFA is cheaper in terms of maintenance, paperwork and building/buying the a/c. I doubt N-reg could compete with the maintanence costs of a PFA a/c.
My 2c worth
Confab
Last edited by Confabulous; 12th May 2005 at 16:04.