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What a heck of a nice lesson this is.

Sure thing, Russell. I was especially taken by the sounds of the chords used, as well as the playing.
This gives me an opportunity to contribute another thought or two on bobwill's dilemma, to pursue or not the study and practice of inversions.
Looking through the thread, I see baldguitardude mentioned the importance of clarifying the intent; that can mean the kind of music wanting to play.
Although I don't regret any of the hours, days, I spent learning the tiad shapes up and down the neck, bass and treble, that is because the style of music I was and am following is the major scale hymnbook. If I ever play a flat, it is because it is part of a chord. The melodies in Cmajor hadly ever call for a black key.
This said, then, I have to qualify my remarks with the same thought: what do you want to play? I play a couple of what you could call Western Kentucky themes, "I'll Fly Away," and "I Saw the Light." In both, in Cmaj, you hardly get off the Aminor pentaonic scale.
If your songs call for a lot of pentatonic work, then that
is probably what you should be doing in practice and in playing. Is there such a thing as a minor pentatonic chord?
I don't know. Would it be the 1-3-5 of a pentatonic scale?
A minor chord, you flat the 3 of the major scale. But it is still based on the major scale.
So, yeah, at this stage neither you or I can have much interest in another dead end study, not that you don't learn from all of them. But you know,the learning curve  really is not much fun, all fingers tripping over each other for what seemed forever.
Well, that's the deal. We need to know what kind of music you like. I'll get out of your way.
The disclaimer to that is that there are ways to learn the 1-3-5 straight and inverted up and down the neck that are not as daunting as you might think. Also, a lot of times, you don't know where you are going until you get there, which can have its own rewards.

I have to put in my two cents on the other side of the fence.  I put down the guitar for a number of years and concentrated on piano.
A top concert player gave me a lesson in which he demonstrated how pop, blues, etc. were the foundation for rock piano. I worked and worked on that lesson, but, truthfully, I could never really get it to sink in.
When I went back to the guitar, music culture had made a big shift to computerized and backing tracks, like karaoke. At that time, I made an effort to learn the root chord, and the first and second inversions in the six hand positions.  I feel that learning has paid great dividends for the work that went into it.
It allows the guitar player an instant variety once they become natural. Even if a player learns only the 5-1-3-5, he has a natural
slide up or down to any of the 12 major chords. I play the 5-1-3 with the ring finger and catch the 5 with the index finger.
Not to beat this to death, but maybe the most benefit of all is derived by using the inversions as a good way to learn the scales
up and down the neck. If you don't know them and have that as your goal, learning the inversions will speed that process, because while learning them, you are also learning the 1-3-5
the 3-5-1 and the 5-1-3. 
Just a thought.
There is not really too much good insruction on inversions. There was a good you tube teacher, but he kind of quit doing it.
Say, I like that Harding's Blues.