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Some quick thoughts:

1. For an aircraft such as my L-235 with a low-budget VFR only panel, the
priorities are different than for a L-IV with $60,000 in avionics
installed. In my case, I will not even be locking the canopy. I would much
prefer that any potential thief just go ahead and steal the $4,000 in
equipment in the plane than...say...take a crowbar to my canopy to break in.

2. For you high-dollar flyers, the solution is obvious. Connect a cheap GPS
to a cell phone via some voice-synthesis interface electronics. Whenever
you park the aircraft, tell the GPS you are "home", and that if it senses a
change in position of greater than 5 miles, it should call you on the
cell-phone and tell you where it is. A poor-man's LoJack...

(If any of you angels out there would like me to design such an device,
please let me know, since I will be out of work soon.)