Hello, fellow airplane owners, soon-to-be owners, owners with buyer's remorse, or folks on the fence about buying...
We've found ourselves at a fork in the road with our Mooney M20. After a long battle with engine problems, our Lyco O-360-A1D has finally bit the dust and we're presented with a couple of routes to take.
Route 1: Complete overhaul on our original 1961 narrow deck O-360-A1D, reset the TBO, new cylinders, and accessories. Out the door $25,000 USD.
Route 2: Factory Reman, zero time, new logbooks, modern spec, warrantied engine. Out the door $40,000 USD after core return.
Here's the question: Lead times aside, when comparing apples to apples, in the eyes of a buyer, is the factory reman worth the extra 15 grand compared to an overhaul from a reputable engine shop? Please only answer the question as presented. Is the factory reman worth the cost compared to an overhaul from a value perspective? Do not consider lead times or shop quality. Just assume the overhaul shop is a reputable and high-quality shop.