Hi Pete,
Welcome from a fellow Devon dweller! I have had my Morgan now for 3 years (a 2005 Roadster) and I can't recommend this model highly enough. Quiet and gentle when you want it to be, and reasonably beastly when you don't. Would recommend alloys for the steering lightness at parking speeds as well as the slightly narrower body for the Devon Lanes.
As for it being the only car.. that depends how much long-distance driving you do in my opinion. I find it tiresome on the Motorway so would rather use my wife's Mini to go to London. But when I drove through Spain and back through France last year (not on Motorways) it was a delight in the sunshine: no rain is rather key to the Morgan Experience (although you could buy some waterproof trousers..).
Get your Morgan and a cheap s/h car for the long runs later maybe?
Oliver Stapleton
Ashburton, Devon.
