7A with 320
Bill,
I am flying my 7A with a 160hp O-320 with a constant speed prop. I have about 215 hours on it now. It gets the numbers that Van's has on the web site. At 8000' and 75% power I get 165knots. I went with the 320 because I got a great deal on the engine. Had this deal not come along I was planning on 180hp with a fixed pitch. The constant speed prop gives a big advantage in climb and in slowing the airplane down in the pattern. I have flown along side a 6 with 180 fixed pitch and he was running slightly higher rpms to keep up.
As for resale value, I didn't build the airplane to sell it. I was already offered more than I thought I would ask for it and of course turned it down. When I hit TBO it will become an IO-340 Stroker and make 185 hp. Untill then 160 is just fine and is a very smooth engine.
If you're ever in the Chicago area let me know, I'll take you up and give you first hand experience.