Get the plane at the lower price to factor the engine repairs, pocket the $$ until such time as you need to do the work. That's not really a large amount of metal and I would suggest flying it for a couple hours and checking the filter again, or pull a cylinder and check the cam first. My person thoughts on metal contamination is - don't panic, aircraft engines make metal occasionally... Of course if someone else is paying the bill and you can afford the downtime then do what's necessary for your own peace of mind
Here's some info below copied from a Lycoming Flyer...
Because the failure to look for metal in the screens and filter, or
ignoring what is found, can lead to catastrophic engine failure,
we’ll attempt a logical approach to the proper action to be taken
when metal shows up in the oil screen or oil-filter cartridge.
The lack of printed matter on this subject may be due to the difficulty
in adequately describing types and amounts of metal. It’s
like asking for a precise measurement and getting the answer,
“why it’s 25-thousandths plus a little bit.” Therefore, what follows
are meant to be general guidelines, but each case must be
considered as an individual one. Lycoming does not consider this
discussion a technical bulletin, but merely a source of generally
helpful information.
GENERAL INFORMATION
1. On small amounts of shiny flakes or small amounts of short
hair-like bits of magnetic material. Experience has shown that
engines are sometimes pulled unnecessarily.
2. Don’t panic if it’s a low-time engine. A few bits of metal left
from manufacturing are not too uncommon in the oil screen
or filters on new, rebuilt or overhauled engines.
3. Don’t panic again, if it’s a low-time engine, it may be a
replacement for one that had previously suffered a structural
failure. The metal may have just been dislodged from some
hiding place in the oil cooler, oil lines or oil tank.
4. Item 3 brings up the importance of properly cleaning all items
transferred from a failed engine to a replacement engine. On drysump
engines, don’t overlook cleaning of the oil tank. Oil coolers
and oil lines should be cleaned by a proven method or replaced.
5. In some rare cases where the pleated cylindrical-type oil screen
is used, the screen itself may be making metal. Closely inspect
the end of the internal relief valve ball. If the ball is deformed,
this may be the culprit. Replace the screen assembly.
6. In cases where metal shows up in the filter of a factory engine
that is under warranty, and its origin is unknown, the metal may
be forwarded to the Lycoming factory for inspection. In all cases,
the factory Product Support Department should be called before
the material is shipped.
EXAMPLES:
1. Several pieces of shiny flake-like, nonmagnetic, or several short
hair-like pieces of magnetic material — place aircraft back in
service and again check oil screen or filter in 25 hours.
2. As in Item 1, but larger amount, such as 45-60 small pieces
— clean screen, drain oil and refill. Run engine on ground for
20-30 minutes. Inspect screen. If clean, fly aircraft for 1 to 2
hours and again inspect screen. If clean, inspect screen after 10
hours of flight time.
NOTE — In cases one and two, we are determining whether
the small amount of metal was a “one shot and done deal”
(not entirely uncommon).
3. Chunks of metal ranging in size of broken lead pencil point or
greater. Remove suction (sump) screen as large pieces of metal
may have fallen into the sump. In any event, ground aircraft
and conduct investigation. A mixture of magnetic and nonmagnetic
material in this case often times means valve or ring and
piston failure. Removing bottom spark plugs usually reveals the
offending cylinder.
4. Nonmagnetic plating averaging approximately 1/16" in diameter;
may have copperish tint. Quantity found — ¼ teaspoonful
or more; ground aircraft and investigate. If origin can’t be determined
and this is a factory engine (not a field overhaul) that is
under warranty, mail metal to Lycoming factory for analysis, to
the attention of Product Support.
5. Same as Item 4, but may be slightly larger in size and minus
copperish tint. On direct-drive engines, propeller action may be
impaired. Ground aircraft. If origin can’t be determined and it is
a factory engine under warranty, mail material to Lycoming, to
the attention of Product Support.
6. Nonmagnetic metal brass or copperish colored. Resembles
coarse sand in consistency. Quantity of ¼ teaspoonful or more
— ground aircraft. If origin can’t be determined and it is a factory
engine under warranty, mail metal to Lycoming, to the
attention of Product Support.
7. Anytime metal is found in the amount of ½ teaspoonful or
more, it is usually grounds for engine removal. An exception
should be where problem is confined to one cylinder assembly
(rings, valves, piston, cylinder). In this case, if the entire engine
does not appear to be contaminated, the offending cylinder
assembly kit may be replaced. After corrective action is completed,
conduct the routine ground running and screen inspection
as previously described in Item 2.
8. If any single or several pieces of metal larger than previously
mentioned are found, magnetic or nonmagnetic, ground aircraft.
If this is a factory engine under warranty, and origin of the
metal contamination cannot be determined, a call may be made
to the Lycoming Product Support Department. A good description
of the metal may result in placing its origin. When phoning
Lycoming or when returning metal removed from engines, supply
the complete engine model designation, serial number, history of
engine, oil temperatures, oil pressures and and any odd behavior of
the engine on the ground or during flight.