Some thoughts that relate to your post and also my own general ones.

The Japanese have a concept that, to me, perfectly sums up a Morgan and Morgan ownership: Wabi-Sabi (侘び寂び) - very crudely, it relates to finding beauty in that which is imperfect, impermanent or incomplete. As an aside, perhaps this is why Soichiro Honda, (the founder of Honda), had such a kind view of Morgan Motor Company.

When anyone asks me about the reliability of a Morgan, the short version of how I describe ownership is: they very seldom leave you stranded by the roadside; however, it would be unusual not to find yourself with some water ingress when it rains and a few little jobs that require your attention. More often than not, these jobs fall into the 'fettling' or 'could have been done better' category. Unlike some classic cars or those small volume makers who thought it wise to develop their own engine, Morgans rarely go wrong in a catastrophic way.

Enter into ownership with that spirit, having done some due diligence (speaking with owners rather than sales people, reading some of the many excellent books written about Morgan ownership and chatting with the well respected dealers (again, worth being pointed in their direction by long standing owners) and removing any rose-tinted glasses, and most people wish they'd made the move years before.

Setting the vehicle to one side, the other element of ownership which is special is the sense of community. This community isn't just owners but the people you encounter when driving your vehicle (or filling it up with fuel, parking it, etc). I have always said that it is a rare day if you can fill the tank of a Morgan up quickly; inevitably someone wants to speak with you, tell you their own story (they had one, their dad did, their grandfather did...) and just have a general chin-wag about the car. It is my belief that in the UK, this often stems from a pride in our, now much reduced, auto industry but it also relates to exactly the sentiment you shared with your king-pin story: meaningful shared experiences that relate to the car itself.

They are easy cars to make memories in AND sometimes those memories relate to resolving or improving things that wouldn't necessarily be present in other cars; hence, we are back, full circle, to Wabi-Sabi!