You may or may not know that Lycoming specifies engine overhaul after 12 yrs, whether it has been used or not. I've personally seen several canards for sale with low time engines, but last overhauled over 12 years ago. The engines seem to be running fine, but does anyone really overhaul an engine just because it is over 12 yrs old? It would seem to me that with good compressions, minor if any oil leaks, and routine oil analysis, why not have confidence in the engine? Any experiences out there with this issue?