I suppose if one were flagrant about it something might be said. The most likely scenario for an action would be if the plane got stuffed on take off when it failed to accelerate properly. If the NTSB investigators found the prop was set out of spec the insurance company would have every reason to balk at paying.
Let's face it, for good or bad, every time the FAA leaves people on their own to interpret the rules the cheating starts.
Rick
From: Peter Walker <peterwalker58@yahoo.com>
To: Sport_Aircraft@yahoogroups.com
Sent: Fri, September 17, 2010 7:20:35 PM
Subject: Re: Light-Sport Aircraft Yahoo group Older planes qualifying for light sport?
                                              | Hello If for some reason the FAA did pick them up as being modified outside operation limits what happens? Registration canceled or?
 Peter
 
 --- On Sat, 9/18/10, Rick Girard <lsaguy104@yahoo.com> wrote:
 
 From: Rick Girard <lsaguy104@yahoo.com>
 Subject: Re: Light-Sport Aircraft Yahoo group Older planes qualifying for light sport?
 To: Sport_Aircraft@yahoogroups.com
 Date: Saturday, September 18, 2010, 7:38 AM
 
 
                                     Cy, Not necessarily regarding top speed and stall. I worked on a couple of Sport Cruiser S-LSA's last year that had the prop screwed down to where the 912S would only turn 5200 RPM at WOT. The airspeed indicator read 140 kts. Didn't affect their ability to slow down a bit. Yes, illegal as as all get out, but only if the FAA flew them. 
 Rick Girard From: Lyle Cox <LyleCox@funaerosports.com>
 To: Sport_Aircraft@yahoogroups.com
 Sent: Fri, September 17, 2010  4:19:45 PM
 Subject: RE: Light-Sport Aircraft Yahoo group Older planes qualifying for light sport?
 
                               Yep…Still making my point for me.        From: Sport_Aircraft@yahoogroups.com [mailto:Sport_Aircraft@yahoogroups.com] On Behalf Of Cy GalleySent: Friday, September 17, 2010 2:34 PM
 To: Sport_Aircraft@yahoogroups.com
 Subject: RE: Light-Sport Aircraft Yahoo group Older planes qualifying for light sport?
               Don't think the a KR2 regardless of the landing gear as it doesn't meet the stall speed.    To break the top CRUISE limitation, your stall speed will be too high.           From: Sport_Aircraft@yahoogroups.com [mailto:Sport_Aircraft@yahoogroups.com] On Behalf Of Lyle CoxSent: Friday, September 17, 2010 12:09 PM
 To: Sport_Aircraft@yahoogroups.com
 Subject: RE: Light-Sport Aircraft Yahoo group Older planes qualifying for light sport?
            Again...just making my point for me. Just because it is fixed gear, fixedprop and a gross weight less than 1320 lbs doesn't mean it is LSA. You
 really do have to hit ALL the criteria to have an eligible light sport
 aircraft to be flown by a sport pilot.
 
 -----Original Message-----
 From: Sport_Aircraft@yahoogroups.com [mailto:Sport_Aircraft@yahoogroups.com]
 On Behalf Of UltraJohn
 Sent: Friday, September 17, 2010 10:55 AM
 To: Sport_Aircraft@yahoogroups.com
 Subject: Re: Light-Sport Aircraft Yahoo group Older planes qualifying for
 light sport?
 
 On Friday 17 September 2010 10:41:01 am Lyle Cox wrote:
 > KR2 can be built with fixed gear and misses the cruise speed.
 >
 
 Not necessarily...
 If you get away from the companies rhetoric you will find that the average
 KR2
 has and actual cruise at V# of about 140-145... If you don not build it with
 
 wheel pants use the slightly longer Diehl wing skins and choose your prop
 carefully it will make LSA criteria... The key is it has to be built that
 way
 and documented to qualify. I would also placard it prohibiting a "faster"
 prop
 to be safe.
 John
 
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