Go for it!!
John,Go for it.  I purchased the 272 about 2 months ago.  I love it.  I is definitely not a racer, but sails well and moves much better than I had expected in light air.  The boat is fun to sail and easy to single hand.  It is extremely roomy for a 27 footer, due to the 9 foot beam and excellent interior layout.  The cockpit is very roomy (I have a tiller).  After examining a number of other boats in this size range, I have yet to see another one with as much room in the cockpit.  It is great under sail or just having cocktails at the dock.  I am very happy with this boat.  O'Days are hard to beat!!!