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Having decided on a course of action, I attempted to migrate the contents of the SSD to the HD partition one category (settings, users files, applications) at a time. This ran into an account glitch and I had to delete and recreate the partition with another fresh install of ML. Then I used Migration Assistant to migrate all the categories to the HD at one time. The timings were then:
logo 9
spinner 16
desktop 73
Still a significant improvement in each category and suggestive for a corrupted system file.

I then tried a fresh install of ML from the HD to the SSD (I thought). When I examined the SSD, all the original non-system files were still there and I apparently just installed the new ML over the prior copy of ML already on the SSD. However, the timings were now:
logo 26
spinner 33
desktop 37
The quick time to the desktop was what I wanted out of the SSD although the times to logo and spinner had increased unexpectedly. Any comment on that?

All the software I tested was working except for a critical file for my wife - Parallels was corrupted. I was able to reinstall it along with a reinstallation of Windows 7 and her critical embroidery software that only runs on Windows. It was a full days work.

So it does appear that the original slow boot times were related to a corrupt system file that was repaired with a reinstallation of ML (either fresh or superimposed over the prior copy).
 
I had the same problem before (cost about 30s to show the logo), some theory suggest that's due to the Mac now need more time to initialise the hardware.

However, a full SMC and PRAM reset fix that for me. So, it's again software related, and fixable.
 
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Did the SMC/PRAM reset and produced the following result:
logo 9 sec
spinner 16 sec
desktop 180 sec
That surprised me until I noticed disk access activity rather than quiet. I checked for the startup disk and found that none was selected. I selected the SSD again.
logo 25 sec
desktop 37 sec
Good enough for me. Good enough for my wife who doesn't want any more quack surgery on her computer:).
 
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