I can't say too much about flying them (as I haven't), other than they're fairly popular up here in Alaska. As for the fabric, I'd have an A&P familiar w/ fabric give it a good looking over. Being that this plane has been hangared (for the full 25 years since the fabric was replaced?) there is a very good chance that the fabric is in good shape. UV is what destroys fabric. I had a friend get 25 years out of a fabric job done w/ cotton (all fabric any more is a synthetic like Ceconite or Stits) solely because the plane was hangared. The other thing that you'll want to check for is tubing corrosion in the tail. Moisture collects there in taildraggers. That is one advantage of redoing the fabric - the plane gets a very thorough inspection. You definitely don't want to buy a fabric plane that needs a fabric job as it is expensive to pay someone to do or very time consuming for you to do. Happy flying!