David:
I have a replica and a 2008 Cayman S. with about 46k on the clock. Trust me, the Cayman at less than $25,000 is a wonderful, reliable, great performing daily driver. Look around, patiently, and you can find a nice Cayman or Boxster that will scratch your Porsche itch.
My 356 replica tends to be less reliable, but it is a hobby car that I drive and am constantly working on because I like to tinker.
You can have one, the other or both, but neither should come from Lawing, and won't.
It isn't so much his finished product isn't a reasonably nice car, as it is that he won't deliver one to you. If you want to be in line behind some 20 or so people, many waiting for years, please go right ahead, but don't come back on the forum complaining that you have been duped.
Nobody here has any stake in lying to you. We don't know you but many of us have been around the hobby for years and hate to see it sullied by this guy. Note that he has never repudiated anything said about him on this forum, and little of it has been favorable. He knows about the SOC and hopefully we have saved some folks from making a mistake by contracting with him.
You can noodle around and investigate all you want, and you certainly don't have to believe the myriad number of people who will try and wave you off, but you've been informed, believe it or don't.