Ken,
I think it's a little of both. I've been flying against Alex Porter in IMAC for 3 years now (first met him at a contest in VA back then when he was flying Sportsman) and we just talked about this over the weekend at the judging seminar I was at (he just turned 12 and has won the Junior Masters twice before entering IMAC) and he said that early on he did not care because it was Dad's plane. Now he has his own 42% and was all sorts of nervous the first time he flew it, even though he knew his Dad bought it and built it and he has flown this size plane many times in the past.
But then again, this young man has flown against some of the top names in the business and beat them as well.
Hope Fl is warm