Used Lycoming Pitfalls
I will in the future be looking for a Lycoming IO-360 for the RV I am currently building. Looking at various options which include a new Lycoming, a Superior 'Lycloming', or a used high time engine to have reconditioned.
The used engine market seems to be a bit of a minefield and has the potential to end up costing thousands. I have been told that I should look for a dirt cheap prop strike engine to heave rebuilt as any used engine could potentially have a hidden history anyway and at least the price offered will reflect that.
Has anyone gone down that route of having a prop striked engine inspected and rebuilt? I would be interested to hear of the pro's and cons as well as rough prices for the inspection etc.