kicsr, I haven't read anything like all the comments on here but I hope my experiences will make you feel better about an elective CS if that's what you end up with.
First child (born in NY) - regular monitoring because she was small for dates, 10 days overdue, monitoring then indicated foetal distress, elective CS performed, baby fine - just v small (5lbs 11oz - now, aged 20, 5'7" and v healthy.)
Second child - supposed to be allowed trial of labour. Scan date 2 weeks earlier than mine. OB's due date ran into Easter weekend - admitted for induction - my OB on holiday, duty OB not to my liking - pessaries failed to work after 24 hours and I was worried about 3-yr-old at home so requested CS (on Good Friday, had to have general anaesthetic) which happened at 9pm and was OK eventually though waking fully next morning was weird!
Third child - scheduled CS. Scan date again 2 weeks early (my kids have big heads or something) so delivery at "40" weeks was actually at 38 and feeding was a nightmare.
Fourth child - scheduled again, obviously! Different hosp, different OB, scan date 2 weeks early again, delivery at 37 weeks. Feeding still fairly impossible.
Actually feeding is my biggest argument against elective CS's, if the baby is not ready to be born then it just doesn't seem to have an adequate rooting/sucking reflex, possibly exacerbated by the anaesthetic. But in the long term it doesn't seem to make much difference.
As far as the surgery and recovery were concerned, even after 4 it wasn't that much of a problem (once I got moving...) And my "bits" are impeccable!