I find myself in the same situation.
After careful analysis of my flying situation, I bought a 1974 172M in May because it fits 99.9% of the flying that I actually do – solo day VFR to areas with hard surface runways and squirrelly winds. The ’74 “M” is also the first year of the improved wing with the beeter leading edge cuff.
My membership here indicates that I do want to fly into some “backwoods” areas for hiking, camping, contemplating my navel, etc. So I also looked at what I wanted to do to “upgrade” and personalize my bird.
The first things have been “safety of flight” issues and that includes replacing my mostly non-working hodgepodge radio stack. In fact, right now the plane is sitting NORDO with my trusty Icom A-22 awaiting the weather to clear so that I can take it to the avionics shop to get new radios (PS Engineering 8000B Audio Panel, Garmin SL-30 NavComm with GS, Garmin SL40 Comm, and Garmin GTX-327 transponder). When it comes back, we’ll put the AirGizmos dock for the 196 in it and the radios will be done.
The back seat is out and the next thing to be done is to install the folding rear seats from Atlee-Dodge in Anchorage (
http://www.fadodge.com/customseats.html) since they are light and easily removable as well as folding up out of the way.
After that, it’s the Landes front fork (
http://www.airglas.com/nose_fork/index.html) and a set of 8.50x6 tires all around. If I find myself spending more time on unimproved strips, Wup will also get some of my money. I’ve already removed the panties because I think that they’re ugly and they make inspecting the tires harder during preflight.
Currently, my O-320-E2D is 400+ hours from TBO and showing great compression while sipping oil and gas. When it comes time to overhaul, it will become a 180 HP with the increased gross of 2550 and get some Flint tip tanks (
http://www.flintaero.com/Cessna_150-205.htm) for the longer cross countries. The tip tanks will probably go in this winter or early next year even if the engine continues to purr.
Yes, it is a lot of money to remake a 172 into a mild bush plane, and I could have bought a nice 182 for what I will eventually spend, but I would have probably done much of the same to a 182 and my operating costs per hour would have been higher.
Don