Bob's packet was exactly what it took to get my LODA for the RV-14A.
You should have no problem getting the LODA.
I agree 100% with only accepting a current and reasonably experienced pilot. I have been lucky in that the few people I have done RV14 transition training for have been real decent and flew pretty well. I have zero interest in taking someone who's got low time, or hasn't flown more than a few hours in the past year(s) because they've been building their plane. If you're not current, get current in another plane.
For me, the insurance simply ended up not being worth the effort, despite my intentions.
I wanted to be able to offer the RV-14 builder the ability to get comfortable in the plane so that their first flight would be a good, and safe experience. Insurance companies SHOULD love that people are willing to give transition training, as it will lower their risk of payout. But what I found is that the add on wasn't "about double", but more like about $2000 add-on. My insurance as a single pilot would be very reasonable, but when you add the transition training coverage it jumps a lot.
In the end, you have to decide if you've got the spare time to do the juggling of schedules to make the customer happy, and the spare cash to risk not making your insurance payment back. When I did my original RV-10 transition training (from Mike and he is very very good), it was 5 hours required. Some people were required 10. Now days I'm finding the requirements are 1 or 2 hours. At that rate, the insurance is a loss for a while. On the flip side, if you are teaching a well experienced pilot, they probably will feel pretty good in 2 hours. The spectrum of what you can experience is huge. The worst landing I've ever seen in a plane of mine was by a guy who said he had 5,000+ hours, and flew Beech Barons as his current plane. It was horrible.
So these days I don't really offer Transition training outright, because it's just not worth the time and risk in most cases. But it's nice to have the LODA anyway, and I'd encourage you to get it, because you may meet just the right person, with just the right schedule, who has reasonable currency, and you can potentially make a difference for his (or her) safety by giving him some flying time in type. Having the LODA at least gives you the option to do it and be reimbursed, without it being illegal. I've spoken with a few LODA holders for the RV-10 though, and the consensus has generally been it can be a lot of money to spend for something that doesn't provide as much satisfaction as they had hoped, for various reasons. If it weren't for the insurance hit, it would be much more appealing.