Thanks for all the info. We'd definitely go with the closed loop system, probably the horizontal tubing as well. I don't think there's much difference in efficiency/ground temp around here between the horizontal and the vertical (well-type) systems. Considering that I'd be able to do the horizontal tubing installation myself- at least a large portion of it, and you definitely need to hire a well drilling crew for the vertical type- horizontal is the way to go for us. We should have enough land available for the horizontal system.
From what I've seen/read, the general rule of thumb is that this type of "Water source heat pump" costs about 2x as much as the normal HVAC system up front, but the annual costs are anywhere from 30-60% less since they are so much more efficient. Most seem to agree that they pay for themselves within 5-10 years depending on climate, etc.
So, I think this is one area in which we are going to "splurge" and spend the extra $$$ up front in hopes of future savings. I think the payoff could come even more quickly if electricity and LP gas prices rise- as I'm sure they will.
Bret.