LSFM is definitely worth a visit. They took a huge hit from Hurricane Ike a few years back (it completely wiped out their "Texas Aviation Hall of Fame" exhibit and did big damage to many of their static displays, but all the airworthy aircraft were relocated before the storm hit, and some of the statics have been restored since then). They also recently lost a P-51 in a crash.
It's only a short walk from the FBO, and they'll run you over in a golf cart if you don't want the exercise.
For those who might run across this thread in the future, know that the museum is eventually moving a few miles north to Ellington Field in Houston. Current plan is to open in 2015, but I don't think they've yet broken ground on the new facility, so who knows for sure.