To be honest, I don't do it that much. When I was instructing, I had to do it all the time with students, and after awhile you get pretty good at compass turns! Partial panel training is somewhat unrealistic, since most people don't seem to crash after they realize what the problem is. The real danger is right after the failure when the pilot is not really sure what is going on, which instruments to trust. For this reason, I think training in a FTD is very valuable. When your CFI covers up the Attitude and Heading indicators, it is obvious what is going on. Even if you screw up an approach, you could probably go missed and try again. The real killer is the confusion right after the failure.
If you get your own aircraft I would advise you to install an electric DG or HSI. If it is a single, I would switch to one of the older wet vacuum pumps as well. The company selling the M-20 air/oil seperator sells rebuilt ones, and Airwolf is now making current production pumps. I would rather have an oily underbelly than a failed pump in IMC.
Some of the newer singles have dual pumps just like a twin. They just use the extra accessory pad on the back of the engine to mount an extra pump. I believe the newer 172/182's have this.
The reason I advocate switching to an electric DG/HSI is because it is much easier to immediately notice what is going on if only the AI has failed. Also, once things are sorted out, it is much easier to fly the airplane. Not having an AI is not really that big of a deal in a piston airplane.
AOPA did a little study not long ago that dealt with this. They used a FTD and could simulate a vacuum failure. Pilots with an electric DG/HSI noticed the problem the fastest. It was even better than when the pilots lost both the AI and the DG, but had a backup electric AI on the pannel.
The new panel 182 solves alot of the dilema when dealing with a 'gyro' failure. If the AHRS goes south in a glass cockpit you usually get a written warning in nice red letters and the display goes blank. If only the display fails in the Garmin system, I think you can go into a reversionary mode on the remaining screen and get your instruments back.
If you have a complete electrical failure, you should still have a backup AI, along with the traditional airspeed and altimeter. Navigation and communications could be somewhat of a problem, so you might want to get a handheld GPS and Com radio. Just make sure you replace the batteries now and then.
I have heard that even in the new panel 182, there is still the old style gyros whirring away behind the panel to drive the autopilot, although the actual display screens use a separate solid state 'black box'. Something about how the autopilot and the Garmin AHRS box not being compatible. If this is true, I am not sure what powers the gyros for the autopilot. Garmin is coming out with their own autopilot, and this will eventually not be an issue.
The 182 is not much to look at, but they are a very solid choice. They are reasonably fast and you can actually fill the tanks and the seats. It would be a good first airplane.