Hello,
I have a 97 outback MT with 101k. I purchased it with 65K and did a HG job at 79K. Other than that, I love the car. It drives like a tank in snow and AWD is great if you ever go off road for camping or biking.
A friend of mine has a 98 outback with around 195K and had a a HG job done at 130K. He also has a 2001 outback with the SOHC 2.5. He likes the 98 better because he says it has more power (starting in 2nd gear, etc.) than the 2001. The week his 98 blew the HG, he bought the 2001.
I think the outback should be ok for you, as long as you figure in a HG job sometime. (Mine cost around $1000)
Tomac24