The IV-P is an airplane that is very far outside of what is allowed to be certified. I don't know all of the details of what exactly, but a summary would be response to control inputs, spin recovery, stall recovery, etc. It's just a bad package all around. One IV-P owner I talked to was a former U-2 pilot. He stalled his once (intentionally) and it did a split S on him. He recovered, installed an AoA indicator, and said "I just make sure I don't do that anymore."
Lancair is capable of making certifiable aircraft. Remember the Coumbia/Corvallis was originally a Lancair design, and my understanding is the Evolution was designed to be certifiable as well. I've flown the iE2-powered Evolution and I found it to be very easy to fly. While I didn't try stalling it, the test pilot I was with said that it stalled like a 172. I find that hard to believe, but if it stalls like a Bonanza, then that's fine.
The IV-P was designed to be an all-out speed demon, much like the Swearingen SX300. In the pursuit of that, they ended up with an aircraft that is intolerant to icing and has poor stall characteristics. It also has the glide ratio of a brick.
Certified doesn't mean that you are paying for safety and idiot-proofing necessarily, though. The Duke and Aerostar are both notorious for difficult OEI performance, and the MU-2 was known for killing a number of pilots for what amounts to the same reasons - lack of discipline. I don't think too many IV-Ps have fallen apart because they were assembled incorrectly, I think it's mostly been due to pilots trying to fly through a thunderstorm at FL250. Bad move.
I wouldn't shy away from buying a IV-P if it fit our mission. But I would also have some pretty significant personal minimums, especially with respect to field length with it.