The engine choices you are looking at are essentially taking two different paths to accomplish the same thing (more power). I know this is obvious, but think about it. One is making more power by increasing compression, the other by increasing displacement. FWIW, I am not against mild compression ratio bumps at all, lord knows if we ever adopt Canada's 'owner maintenance' idea, the first thing my cub will get is a 10:1 top... but I think it's a safe thing to say that the higher the compression ratio, the higher the stress on the engine. So in my mind, if you can attain the hp you are seeking with a lower compression ratio, why would you seek a higher strung engine to do the same thing? (cost
might be a good answer?...)
Propellors... good! I would select the propellor you want to run way before you dumped a bunch of cash into
any conversion... BTW, both of these engines have plenty of good choices, you just have to do a little leg work to figure which is best suited to your application. Picking out an engine without having given good thought to what prop you are going to turn is either not going to do your wallet any good, (remember the fellow here that did a Pponk and then bought both an MT and a Mac?)... or, worse you are going to unwittingly leave unused horsepower on the table... Your current prop (83" 2blade MT) is a good one, probably really good for a Norland. If you go Pponk, and have one of the better engine builders put it together, you will be leaving unused horsepower on the table with this prop.
Smooth... horseshit.. while it is most certainly true that some engine designs
may be inherently smoother than others, as you have already pointed out, smooth is 99.999 % a product of who and how they assembled your engine. The Pponk's I have the most time behind have been built up by either Steve Knopp or Kenny Tunnel (lycon). To call them turbine smooth would not be doing them any justice, my personal C180 engine runs hands down smoother than my PT6-34.... Undoubtedly, you could build up an IO470 of equal or greater balance..
FI.... It didn't fit my application well, but if it ever does, and I am in the market for this size/configuration, I would not be trying to figure out how to adapt an IO470 into a previously carburated C180/182. Instead I'd opt for the Pponk O470-50 with Bendix FI. No headers, no nightmare fuel plumbing, no Continental FI. Steve even has a lesser know STC to do an O-550 this way...
That would be a snorter
Take care, Rob