My only concern with LCDs is that in the stores, they look so blown out on the contrast that movies look like they're shot on videotape.
I just use my eye for adjustment, but calibration instructions are available on the internet for free, or disks can be purchased for under $25 last time I checked.
We got an LCD for our kids, and it looks good. Usually the store settings are garbage so as to contend with the florescent lights. Another setting to change is the refresh rate. The motion on our LCD was very strange looking for a while until I played with that setting, now it looks great. I’ve never taken the screen out of our DLP—sounds like fun! If I was forced to choose, I would say the LCD image does look better on LCD vs. the DLP, but that’s only if you’re willing to pay more for the technology. I wanted a huge screen without spending a fortune, so the DLP won the day. We wanted a smaller screen that would last for a while for our kids, so we got a good deal on an LG 42” LED LCD at Best Buy (I guess it was an older model). Both should last for many years before any bulbs have to be changed out.
I used to have a 61” Samsung DLP that used a regular bulb and color wheel, and we also had to replace it several times, plus the color wheel motor. The newer DLPs, as I said, use LEDs for the lamp and did away with the color wheel.