Note that that report is from 2008... hopefully the new proposed MOSAIC rulemaking will improve things.
Did anybody really believe the weight limit is actually about safety? It benefits the manufacturers of new LSA aircraft, since their $100K+ LSAs are competing with $15K Cessna 150s (and 120s, and 140s, etc...). Follow the money...
With all due respect.......
Old Cessnas are not competing with new LSA.
Trying to compare a new top of the line LSA $150,000 aircraft with an old post WW2 Cessna is not a valid comparison. If you want a valid comparison compare the $150,000 new LSA to a new Cessna 172 that are selling at 3 times that, $450,000 is what they are being delivered at NEW with avionics and lights. This would be a valid comparison.
Comparing A new Tesla with a 50 year old beat up truck, etc. Not valid.
This is a common misunderstanding at looking at LSA. The oldest LSA are no more than 15 years old now. If you look you will see reasonable LSA for sale simply based on their condition.
Be better to compare apples to apples.
When the new MOSAIC comes out to include the 172, I bet the $150,000 LSA able to carry a reasonable payload at 1/3 the initial cost and half as much to operate will look like a bargain verses a new 172.
Note that the weight limit was not about safety, it was some arbitrary number the FAA pulled out of their (xxxxx insert your own word) to get LSA started. 15 years later this will be updated with MOSAIC to be more (xxxxxxxx insert your own word here).