FYI, there is a discussion on the AOPA Message Board about the SR20, including the usual parachute issues. Here was my post:
I’m a former Cirrus position holder, but sold my place in line to buy an '85 TB20 Trinidad. Reasons?
Loooooong wait for the SR20 (~2 yrs at the time).
The TB20 is faster (163 vs 160 KTAS cruise), longer legged (1000+ NM range vs 800), lifts more (~800 lbs useful load with full fuel vs ~500), seats more (5, in a pinch, vs 4 max), cheaper ($105K vs $190K), and immediately available.
Drawbacks? Older, not as luxurious or modern, thirstier (250 HP vs 200) and, of course, no 'chute (which, whatever you think of it, is one more option – and options always have value).