If the Karp gets more wrenching than riding time, get rid of it. Presumably you enjoy riding more than turning bolts and dealing with Fox. A bike that doesn't work is useless.
About the 204- are you absolutely set on getting a DH sled? If you are doing everything on this bike, you might consider getting a freeride rig with two rings + a DRS guide. Cheaper, lighter, and more versatile for just about everything but racing world cup courses. Before my Bullit I had a SGS Team, which was all giggles on the DH but was a holy beeyotch to pedal uphill. The Bullit seems to be a good compromise for me, but I don't know you or what you like. If you race, this advice prolly isn't for you.
If you are concerned about the extra 1-2" of travel, look into the '04 SC VP Free (8") or the successor to the Foes Fly (9", supposedly). If cash is an issue, I highly reccomend the Bullit- it really does everything and is built like an oldsmobile 98. Last week I did a 40 mile XC day on it in Moab, and shuttled the crazy-burly trails in Virgin 4 times on the way home. With a Shiver and a 5th it's freakishly plush on the DH, but climbs really well.
My $0.02.
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