Seems that the M3W is just a marketing tool to sell proper 4/4's.
You may be right! It's interesting how many M3W owners (for whom in most cases it was their first Morgan) have subsequently bought a 4/4.
You will not regret it, Steve. Make sure you get a Panhard rod and, at the front, at least the brake reaction arms.
And here is a useful guide to hood operation:
https://www.google.fr/url?sa=t&rct=j&q=&esrc=s&source=video&cd=1&cad=rja&uact=8&ved=0ahUKEwi0pLPj14jLAhXCNhoKHeYSCmEQtwIIHDAA&url=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DAT6eQ44jqHM&usg=AFQjCNG78oSclwwcyWlqjl1578HTiWURpA&sig2=h5Y_K0pWNNHI1odfxkyUMA&bvm=bv.114733917,d.ZWU