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As a comparison, under EASA I am facing:
Prop Overhaul for a prop that has 700 hours on it from new.
Mag overhauls because they are over 500 hours
Vac pump replacement at 500 hours
Seat belts replacing as they are 10 years
Static lines replacing
I believe even under N reg rules all of the above items are still required and it is a US manufacturers specification that demands that they be done. In effect EASA are just implementing what the US manufacturers edict in the first place.
For non commercial these are recommendations only so you can fly your prop. for as long as you want.