Stephen,
The "T" setting works fine. What I meant is speeds like 1/5th, which are kind of hard to do with the "T" setting and don't exist on the focal plane shutter. Or at least they don't exist on mine.
It's true about the shutter curtain requiring quite a bit of travel time. It think it's about a 30th. But as for the thing being not suitable for "high quality images," well, I have two words for you: DOROTHEA LANGE. Make that four words: ALFRED STIEGLITZ. Actually, I could come up with a lot of words.
And with regard to the curtain travel time, if you go to the link above posted by CW Dean you will see a nice picture of some people suspended in the air.
I'm sure your Wollensak lens will serve you very well. There were many varieties but an f11 process lens will make awesome images. I use several of them. Keep your eyes open for the wollensak f4.5 telephoto lenses in barrels. They are quite inexpensive, coated, and very good performers. The important thing is learning how to use your gear, not fretting over whether it lives up to somebody else's standards.
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