Thanks for your reply, Chris. I'm interested in your thought about not maintaining anything in the fabric that isn't a true representation of the legal record, since that is basically everything for us. Gotta start somewhere. I do like your suggestions. Could you elaborate a little on your reasoning for this? For one thing, it seems to me that the parcel fabric editing tools are just not very well suited for the kinds of edits I described in the original post.
Our tax parcels are also approximations of the legal record, some are pretty close and others not so much. As we are preparing to switch to parcel fabric, my testing strategy has been to recreate tax parcels using the recorded information as needed for further maintenance, and to move (join) existing points to the more accurate ones. You mentioned subdivisions; I have them but the data is even less reliable so I don't plan on importing them to the fabric.
Ryan