I own a Velocity and a Glasair. Doing a prebuy on them isn't much different than a certified. Yeah, you're hoping the builder built the aircraft properly but you what, if it's been flying for years, I think it's a given it was built right. Most, like mine, are built to higher strengths than certified. A 50 yr old metal aircraft or a 20 yr old composite? I'll take the later.
Haven't found any A&Ps who wouldn't work on my aircraft. Lets face it, most expenses come from the engine. Well, they both use Lycomings just like certified. I have my mech comply with any ADs or kit SBs just like any certified. I'd say if anything you'll see A&Ps who prefer to work on EABs because of their simplicity. They have a fraction of the number of parts as their certified brothers.
Drawbacks? 1) Room for one. There's no magic wand that EABs use to overcome drag. It's not rocket science that a Lancair is doing 200 kts on the same engine that propels a C-172 to only 125 kts. When you combine a low frontal area and low CD, you end up with very little drag. The drawback is lack of room. If you can deal with that, fine. 2) Handling. You'll see some are quite squirrely. I know in the past Lancairs used to have a bad rap because of it's handling. That had some pitch sensitivity issues and lateral stability because the tail was too small. Never flown one but I imagine it handlings like my Glasair. You need to appreciate the fact your wing is designed for speed and not lift. You come in hot (80kts) on final and flare is no more than a slight nose up. Don't want to do some big flare like you would in a Cessna. At high AOA these airfoils lose lift quick! 3) Builder quality. If the price looks too good to be true, it's probably because it is. Most likely an aircraft that's older with less than stellar build quality. Not necessarily a dangerous aircraft but not the fit and finish of other newer aircraft. Years ago you saw a lot of interiors that had furniture quality materials, automotive wiring, analog instruments and rattle can paint jobs. Today most are "plug and play." You can buy an entire panel or interior and the paint jobs are showroom quality.