My introduction to the world of Subarus was via 92 Loyale, 2wd. Learned a lot about the car, even took out the engine myself (admittedly couldn't have done it without the help on this forum)

 

Do wonder however, if eventually I should move up to Legacy, I am thinking something from '92-95.

 

Advantages/disadvantages? I understand these 10 year old vehicles have depreciated shaprly where you can get some awesome deals.

Try the Search function on this and the Old Generation of Subaru website. There was recently (last week I think) a very exhaustive discussion of the differences, drawbacks and pitfalls in this grouping of cars you are considering. As you already know, the folks on this site are extremely informative.

If I stumble upon it I'll post again or perhaps another reader can point you in the right direction.

Are you referring to this thread?

http://usmb.ultimatesubaru.org/forum/showthread.php?s=&threadid=7927