We are taking delievery of our sixth Meridian next week. There are a few reasons we went the Meridian route, the main one being that it is American. It is substantially cheaper, had a much more advanced cockpit (at the time, now they are equal), and is more reliable. Parts from Socota (or EDIAS or whatever it is called now) are expensive and can take weeks to be delievered. Our 2004 Meridians only went to the shop once a year for annual and a few times inbetween for turbine washes. 100 hour inspections are not required and the airplane nearly never broke. In the 1400 hours one of our '04s had on it, it only went to the shop for unscheduled MX once.
The performance is awesome. It will make FL280, after a gross weight departure, on a ISA +15 day in 20 minutes. The engine will hold full power up to FL280 and I have never felt the throttle hit the stop, there has always been more power available. At FL280 you will see between 260-275kts depending on the temp, burning between 240-270lbs per hour. At FL210 you will see around 240kts and 290lbs per hour. The Meridian sucks down low, as it does not have a barber pole. You are restricted to 188kts.
There are many downsides to the Meridian. The '01, '02, and some '03 models only have about 350lbs of payload (unless they have the gross wieght increase). The newer Meridian has between 450-650lbs of payload. The cockpit is very hard to get into and will only seat a person that is shorter than 6'4''. The airplane only holds 1140lbs of fuel. Four hours is about the longest you can fly and still land with 250lbs.
The TBM will kill the Meridian on performace and range every time. However, the new one is a million dollars more and even the used ones run a million dollars more than Meridians of the same year. You can get a 2001 Meridian with 700 hours and the gross weight increase for $750,000.
Alex.