Thanks for the replies guys...funny thing is that when you all posted them we were signing the paperwork this morning. Here is the skinny on the engine buying process for me:
1. Thank goodness for student XCs; part of the training process for them near the end of the T-6 program is to go cross country and get experience in the national airspace system. It was actually really good training for the student and we accomplished a lot of approaches alone the way. We just so happened to full stop in the same city as the engine was located
2. I hired an A&P IA to do a pre-buy inspection. He first started with just the overall general condition of the engine as advertised (1.1 hours on the factory test stand, then sat in the original factory packaging for the last 6 years). The engine appeared from the outside to be in absolutely new condition. He then did a compression check 3 cylinders 80/79, the other one 80/78, which he said was outstanding. I bought one of these
http://www.amazon.com/Greenlee-FL2AA.../dp/B0042VILIQ last week at lowes aviation supply for $10 and it was an awesome tool to have. I was able to stick in into the cylinders and see everything; not a sign of corrosion; in fact, to my uneducated eye it looked like they came off the assembly line yesterday. He borescope various sections of the engine, we took covers off everything we possibly could and looked inside, it all was immaculate:-) We looked at every valve we could see, everything looked brand spankin new. He recommended that we not pull a cylender based on everything we had seen so far. He stated he would love the business and love to charge me the money but he didnt think is was necessary. I agreed. We spend about 3 hours looking over every sq/in of the engine. I also had superior supply me with the origional build list for the engine complete with serial numbers of the components, it all checked out.
So there were three issues that did arise with the engine.
1. The rubber tubes (sorry for no technical name) from the induction system was starting to show signs of dry rotting
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2. The engine mounting sections had several scaring/nicks (see pic below). The A&P assured me that it was normal and it probably happened on the test stand at the factory (I am open to other peoples opinions, but it is kind of too late now) It looked like some threads had dug in slightly on two of the holes, he said that it was probably from someone trying to get a bolt into the hole and had turned it to line it up, he said it was somewhat normal and checked for cracks ect.
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3. On of the tubes, (the one in the pic directly under the closest engine mount) had a small dent in it. He inspected it for cracks, which there didn't appear to be any, and said that it also probably happend on the test stand from someones wrench and recommended I "keep an eye on it".
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So now, I am a whole lot poorer

, but a very excited man
