Hi Steve!
I found my Mk2 Sherpa to be very nice for regular 200km rides unladen or laden up to about 10kg. Keep in mind, it was built with conical tubing and tubing diameters have been generally reduced with the Mk3 version, making it a better all-'rounder to ride unladen.
Compared to my more conventional touring bikes, I found the ride generally good provided I didn't pound too much air into the 26x2.0 Schwalbe Duremes when riding unladen. Unladen, F/R pressures of 29/34psi (2-2.3bar) were just about right for my 78kg/172lb. The bike worked particularly well for mixed use -- say, a ride with 75% pavement and 25% single-track. The ride would have been livelier with lighter rims and tires, say something like Rigida Grizzly's and 1.6in road slicks, but I found even my Andras loped along nicely once up to speed.
If I had it now, I might have fit a Thudbuster ST or LT to it, but it would not have been so necessary as on the Nomad, which has a more robust frame (intended for massive loads, as I sometimes carry) and transmits road shocks more harshly when ridden unladen on really rough surfaces. The seatpost made up the difference for me on the Nomad and the bike is fine pretty much anywhere and anyhow I'd care to ride it.
Steve, this bit (cribbed from a post I made in my Nomad gallery:
http://www.thorncycles.co.uk/forums/index.php?topic=4523.msg48907#msg48907 ) might be helpful in evaluating the ride of a Sherpa:
There is reason to have more than one Thorn. They are exceptionally versatile bikes, but still each one excels for a given purpose. If you choose one at each extreme -- say a Nomad and an Audax -- then you'll have two versatile bikes that contrast greatly and really put the spark in riding; no boredom when you can switch from one to another and really feel the difference. Handy topics for those considering multiple Thorns are here:
Audax or Sherpa: http://www.thorncycles.co.uk/forums/index.php?topic=6607.0
Sherpa or Club Tour: http://www.thorncycles.co.uk/forums/index.php?topic=4669.0
Sherpa or Nomad: http://www.thorncycles.co.uk/forums/index.php?topic=5581.msg30381#msg30381
A little chart I made showing how Sherpa and the Nomad compare to my rando bike in carrying capacity, comfort, and feel:
http://www.thorncycles.co.uk/forums/index.php?topic=4713.msg23329#msg23329
Hope this helps.
Best,
Dan.