OK -- so I had a long chat with David Halbert at Portland Pudgy in Portland Maine today.
It was very instructive and I do believe I'm ready to order one. They require a 25% deposit and typically can deliver to West coast in about 2 weeks. More importantly for me I also checked with my Edmonds Marina and they will allow me to have the Pudgy shipped to the Marina rather than my home residence. This apparently saves $80 on the shipping costs.

Currently, the Pudgy is on sale with a nice $300 discount.
I spent some time talking with David about the Davits and how the Pudgy is attached and stowed on my R25's swim platform. It's much much clearer in my mind now how all this is accomplished.
The orange Pudgy is no longer manufactured! People seemed to think it looked too 'dangerous' (not sure I understand that but that is what David said). No matter, our color choice is one related to the Pudgy being easily spotted in open waters and this leans us toward red and sunset yellow. Mind you, the exposure Canopy is always red (I believe) with it being colored blue inside to avoid people getting too nausea.
Our primary requirement for a Dinghy is to cover the emergency situation where a 4-person lifeboat becomes a necessity.
At this point I'm looking to get
-Basic boat (Sunset yellow is our choice at this time)
-Sea anchor
-Exposure canopy
-Boat cover as I want the Exposure Canopy to be in its pre-set position as apposed to being stowed in the Pudgy and therefore being very hard to assemble/erect in an emergency. David said he will figure the boat cover to be easily removed when Pudgy stowed using Davits on R25. In fact as we talked he thought of a new design to make this a whole lot easier.
-Electrical system + solar panel
-Sailing kit (this will not only be useful in the emergency case but fun to just sail about some locally)
-Bow bumper (I simply like the look of it and it does offer some practical benefits)
-Torqeedo Motor - it's light and folds up and goes into a small back pack. I prefer this motor to gasoline and the outboard motor noise, but downside is its limit range. The range really doesn't bother me as it would only be used around port and to/from local islands when moored offshore. The sail kit will get me to where I want to in case of emergency.
Now I need to price this all out and see if my piggy bank will balk at being emptied. I can always buy some of the extras later and over time. However, I'm a person who tends to consider seriously what I want/need and get it all up front and be done with it. We will just have to see. The biggest accessory cost will be the sailing kit -- so may have to leave that out for time being.