Christian,

I would NEVER recommend a P-80 over a Falcon EVER! I have had both and there is absolutely NO COMPARISION!
The Falcon is the same size as the P-70 but with 22-23lbs of thrust. The spoolup time is RIDICULOUS!
If you are considering going with a P-120 I think you have to consider the size vs. thrust class vs. cost vs. future apps.
For me personally - if I am going to go with a 120 sized can, I want the highest thrust class for that diameter at the lowest cost (knowing that I can always turn it down and have it for heavier jets later) and that would be the Rhino (120 size, 36+ lbs. of thrust $3,695 vs. a P-120SE @ $3,195)

If I want thrust around a P-80 then I would go with the smaller sized can (Falcon) and get the extra thrust. Falcon = $2,795 vs. P-80 $2,595.

My P-80 - purchased from BVM in 2003 for 2,499 +tax & shipping - about 40 flights - (went back to Jetcat 3-4 times, one user induced - total cost from all repairs = around 1,000) at least 10-12 weeks total time away from home - either at JC or in transit

My Falcon - purchased from Jet Central in July 2007 for 2,899 +tax & shipping + free fuel jug ($200 value) - today makes 173 flights - (went back to JetCentral 2 times, one of those for a short in the RPM/EGT sensors, one for sticking during starts - total cost of repairs $0 - not even shipping charges) No more than 12-15 days total away from my plane.

My opinion is go for the Falcon.......you won't look back.

These are just my opinions and personal experiences. Good luck with your choice - I believe both brands are great overall.

Smitty