It makes me sad to say this, but I've got to end my experiment with P2Pool.
I'm without question a hobbyist miner running a single antminer S1, and I was thrilled with the concept of P2Pool.
I've been running the node continuously for 20 days now, with a handful of 6-8 hours periods when I rolled over to backup nodes with much worse latecies, and just ran the numbers and have grossed .00624 BTC per day running a solid 200+ GH/s.
I guess I'm just a victim of bad luck/variance.
Was certainly willing to *risk* sacrificing some profitability to contribute towards decentralization, (and to keep myself busy/entertained configuring and optimizing my node) but getting HALF of my expected BTC for 3 weeks has pushed me to the point where I won't come close to breaking even on hardware barring a substantial spike in BTC prices (or a decline in difficulty, lol)
I still love the concept and will be keeping a close eye on things and will probably rejoin if I obtain more hashing power (something I'm seriously considering) or if some refinements are implemented to reduce variance for small miners (something I know forrestv has mentioned as a project/goal).
Wish you all lots of luck, and wanted to give particular thanks to mdude77 and jonnybravo0311 without whose posts I NEVER would have gotten a node going, much less running optimally.