It would make a world of difference.  Since the airplane isn't a
homebuilt, it could only be licensed as "experimental-exhibition".  Under
this certification, it can only be flown to exhibitions, and for pilot
proficiency.
It is possible that you could talk the FAA into certiying it as
experimental-flight test, but that certification class is not open-ended
either, and would not be perpetual in duration.
Hope that helps, but the short answer is - forget experimental
certification for what was a factory built airplane.
Jerry Eichenberger
Columbus, Ohio
N2906H

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