One more lap around the pattern...many records never existed,
Doesn't matter. In order to operate an aircraft today, per Part 91.417 the owner must maintain aircraft total time in service. Period. If the owner does not have aircraft time records back to day of the original AWC issuance, the FAA has provided relief from the 91.417 "total" requirement via AC 43-9 which requires the owner to pony up and make a log entry explaining the non-existent or missing records and enter a new estimated total time in service.
And while you never believe FAA guidance to be factual, this is one of the easiest/simplest forms of guidance I've come across that corrects an aircraft regulatory issue, without FAA approval, with a simple logbook entry by a potentially non-certified individual. If only the rest of the FARs could be dealt with as easily.
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