Great info Rev
I think I understand where you are coming from here. I have two set wedges, PW and AW in the XR-OS's along with two old Renegar's which I always left in the garage because they were "non functioning" (wink) .
The AW has always been a full swing 70 yards and the PW a full swing 90 yards. I have tried for many years to employ the Pelz 3 swing method. Occasionally it works, most of the time it's just ok. So, in an effort to have some consistency under 70 yards AND have something that will actually have a chance to hold a green, I decided to try some Hogan's.
I picked up a TK 44 and three Equalizers ( 48, 52 and 56 ). Once they arrived, off to the range I went. I can say that I now know the Equalizer 52 is a solid 50 yard club for me. The 44 can replace my set PW . The jury is still out on the 48 and 56 as I just have not had the time I would like to practice with the new tools.
The pro of the decision.
Feel and versatility from the forged clubs AND I now have a change to hold a green as they will definitely impart actin on the ball that I have never been able to achieve with the the set wedges.
The cons of the switch.
I found that I have to commit to learning HOW to hit these clubs as they are not Game Improvement models. AND Now I have two more clubs that may or may not have a place in the rotation in regards to yardages.
I guess Time will tell..... AND they are Really Nice Looking Clubs IMHO