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Thanks Ken, that's good to know. If it were just between user accounts on one machine then yes, a shared folder would save a modicum of bandwidth and disk space, but I also use OmniOutliner and OmniGraffle on iPad with separate OmniPresence accounts to sync to the different accounts on one Mac, which gives me nicely separated pegs for my several hats.

As an aside, the system you've built seems a lot more user-friendly than the document syncing in iCloud.