Wow 10,000 hours <bows> I yield to the gentleman who asked the question

Sorry about the crack about handling and and such. The question posed such an odd choice that, forgive me, I wasn't entirely sure the person who asked it was all that aware of GA aircraft. Clearly I was wrong and entirely too condescending. I apologize and I hope you accept it.
Owning one....for me it's been pure hell. It's my fault really, but I think I covered those pitfalls in judgement in the newsletter, and I'm not ashamed to make myself the butt of my own jokes. What I have, though, is something I love, and I'm proud to show people an original 14-19 with its original engine, original grinning cowl, prop, chrome trim, spinner, and so forth (though I'm grateful the previous owner swapped the original brakes for Clevelands). I feel it's my responsibility to keep it that way. People should see it that way as it was the last model made by Bellanca. I could never, in complete candor, recommend it as a family ride. It's more a frigid wife who will turn amorous on occasion if you do everything right long enough to please her.
My friend Russell has had a different experience entirely. His dispatch rate with his later model 'Master has been outstanding, but he chose the later model because his other airplanes are anything but dispatch rate champions. They are far rarer, far older, and he takes that responsibility seriously as well. His 'Master is his dependable ride, but he's overhauled the engine (not because he really had to though) can make all the other repairs, and has a gift for the preemptive maintenance strike.
As Peter said, wood is a cellular structure, not granular like metal. It does not suffer fatigue and handles flexing with grace. But water is kinder to metal. The British Royal Navy did not practically enslave people for pitch and, later, others for copper in the age of sail for nothing. Fortunately our Triple Tail ships depart the worldly shore and travel through a different medium.
Peter:
An older gentleman I know, who's flown everything from F4U Corsairs to Cessna 140s, said his favorite airplane of all was the M20 with its wooden tail and wings. Light and lithe, marvelously efficient, he too landed it wherever he wanted, took off in the distance he wanted, and he knew how you treat wood. He's the sort who finds practicing crosswind landings in light taildraggers in winds significantly exceeding the so-called demonstrated crosswind capability his idea of a fun time. I've seen so many examples of this sort of thing. Old hands who can take off in absurdly short distances in beater 172s, guys happily touching the windward wheel of a Luscombe 8A in near gales delicately down on pavement and riding them straight on down the runway until all three touch and that little bird has stopped flying.
There are so many things about aviation I'll never understand, and so many skills I will never possess. But I can marvel at them. Me, I'm more the Doctor Johnson's dog of pilots. One day I hope to witness, first hand, a Mooney pilot do something astonishingly deft. Until that day I'll readily take your word, and that of my brother's father in-law, that such people do indeed exist.
Jonathan