I agree that private time with someone that has what you want and you have the tools to receive the transmission is important and very valuable. However, it's also very important to continue to train and "compete" with as many other quality people as possible. We all need a "feedback loop" in our training.
At a certain point, when we DO what we have been training in properly, it has been my experience that there is very little concious feedback. Usually, others have to tell us what happened.
As far as the Michi or Do aspect of budo is concerned, for myself at any rate, I have the responsibility to lead, teach, and provide the transmission process that I recieved to the best of my ability. If I do this properly, juniors then continue to provide very high quality problems for me to solve so that my own training continues to grow and learning never stops.
George, I especially liked your post #10. We're gonna have fun when we're neighbors...
Actually, Chuck, you are one of my models for how I am trying to break down what I teach. The classes I have done with you are some of the most clearly laid out classes I have ever been to. And I have always walked away with some new understanding in my body, not just in my head.
Since you have actually gone the distance and established your own organization, I'd be interested in hearing how you set things up so that the skills you have get transmitted to the folks down the line and not just to your personal students training with you every day...