Ouch... I think this is probably the worst plan! No knock on you, it's what your average CFI will teach you to do. But, while CFI's seem to know everything when you're a student or low-time pilot, they really don't. And most of them have never OWNED an airplane either, so they don't really care about things like engine management. The seller may not be any better in this regard.
Learn from an engine expert: Read those Pelican's Perch (John Deakin) articles linked to earlier in the thread.
A few things:
1) No reason to back off the MP to 25". Most engines run just as well at WOT and 2500. I do generally back off to 2500 after takeoff to keep the airport neighbors happy. Deakin's articles have more technical info on why it's better to be WOT in the climb.
2) For climb mixture, take a glance at what your EGT's are shortly after takeoff, and then just slowly lean in the climb to maintain the same EGT's. My Mooney has a cheat here: There's an additional single-probe EGT with a "climb" range marked on it. IME, though, on planes without that particular feature, you'll be wanting EGT's in the mid-1300s for the climb.
3) Try 65%. The difference between 65% and 75% for me is only 10 knots, but it costs me an extra 5 gph, and the engine will last a lot longer at 65% (keep an eye on your CHTs, again Deakin has lots of info but you want to keep them well below 400ºF).
4) 75 ROP is going to give you some of the highest CHTs and shorten your engine life considerably. It sounds like you've tried 20 LOP, which is a much better place to be - Why are you "still not comfortable enough to keep that up regularly"?
Hope this helps you make your engine last a long time.