Having listened to Mike's seminars at Oshkosh I can honestly say his opinions and advice run much truer than most of the amateur posts on the forums. See below:
At each oil change, it's essential to change the oil filter and cut open the old filter for inspection. We also strongly recommend sending an oil sample to Blackstone Laboratories in Ft. Wayne, Indiana, for oil analysis. Although there are a number of different labs that do such analysis, we think Blackstone is head and shoulders above the rest, and we urge our clients to use this lab exclusively.
Web Page:
http://blog.savvymx.com/search?q=Oil+analysis
He feels stongly about OA and I've never heard any (good) reason to think differently. If you don't want the very best information about the condition of the engine flying you (and your family?) over that next mountain range, then who cares..... but don't recommend that cavalier approach to others looking for good advice. The engine builders I know feel the same way.
By the way, his other top recommendations are to either have excellent instrumentation, preferably with data recording capability to analyze what's going on or to pay more attention to the use of a borescope at regular intervals. He helps clients and seminar attendees get well, well over TBO out of their engines safely with these techniques. Sure, there may be that one odd case where an engine fails without any warnings but seriously, how often does that happen? I wanna know.......
Your opinions will obviously vary. Just don't forget to tell your passengers what shortcuts you take with your engine analysis before they fly with you.