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Once you enter those items, and the unit is in RNAV mode, you can use the OBS to navigate directly to your imaginary VOR just like you would a real one.
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Sorry if I come off as slightly irritated by this, but I ABSOLUTELY HATE the analogy of "imaginary VOR" It's not even similar (Not venting at you EatSleepFly...this one is to the world...).
The RNAV unit doesn't create an imaginary VOR. All it does is lets you navigate directly to a fixed-distance/radial position. It's not an imaginary VOR you're going to....it's just a fixed-distance/Radial position. An example would be as follows.
Let's say that you're flying from airport A to airport B. Your destination airport is in the middle of nowhere, about 27 miles from the closest VOR station, along it's 176 radial. When you file and IFR flight plan, remember that you must file to a point from which you may commence and instrument approach procedure.
If there are no NDBs around the airport, then really, using only VOR equipment, the best that you could hope for would be an airway that ran somewhere near the airport, and that the approach would have a feeder route comming from that VOR. That could be your onl....but wait....ah-hah!! I guess we could just file direct to the Hillbilly VOR, then to a point on it's 176-degree radial, at 27 miles. Of course, this is assuming you have DME.This would be written in the flight plan as HLB HLB 176027. This tells the FDIO computer (this is the system used by ATC to accept and control our flight plans, routes, etc) exactly what we want to do!! There's no ambiguity. The most awesome thing about it is that it's sooo useful, even without touching the RNAV yet. It really helps you when you need another legal, but safe and creative way to get ibnto an airport. Want to fly, on a day with 3 miles vis and overcast at 2,000, to an airport with no IAP or control tower?? If the MVA (minimum vectoring altitude) of the controlling agency will allow, why not file to a fixed distance/radial point right near the airport, and then see if you can get in VFR! It's legal, although safety is operationally dependent. What's safe for Salina, Kansas may not be safe for Jackson Hole, Wyoming....
So, how does the RNAV come into play? Well, if we fly direct Hillbilly, and then our radial to the position, that's going to suck, especially if we're only 10 miles from where we want to go, it's IFR ( or low VFR), and Hillbilly is 35 miles out of our way. Buuutttt...wait!! We have lots of money and hey, it's 1974!!! Since we have RNAV in our aircraft, all we have to do is tell it that we want to go straight to the Hillbilly 176 Radial, at it's 27 mile point...and there you go!! It does all of the triangulation for you, and tells you where to go. No need for out-of-the-way flying. One caveat...you must be able to recieve the VOR signal. No signal, no RNAV.
RNAV is one of those things that even flight instructors that think they know it all don't have a clue about. They just don't have a clue.
And too many people use that imaginary-VOR thing (if you've ever flown with an RNAV, you'll never say that again). And fortunately, for all of us, it's 2003!!! RNAV was a cool thing, but it's going the way of LORAN and the NDB...and good riddens to it!! Anything you can do with RNAV, you can do with GPS...just alot more reliable, alot more accurate, and you don't need to be receiving the signal to make it operate.
Whewww....sorry for the long version, but that was actually pretty short. Just wanted to make sure that you got the entire thing, and really understood it. Any more questions, feel free to ask!!!!!
Take care, and Fly Safe!!