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Thanks for the comments. The 1 credit was an error on my part and should have been 10. I must have missed entered it when I was making adjustments for Mastery, one of the problems with doing too many things at one time.
We can disagree on the theme. I still like it as it represents a retro look for the advertising of 50+ years ago but that contacting people one-on-one via "mail" is still effective. The theme stays.
On your third point, you only sent out 1 mailing to 127 recipients, that counts as one mail not 127. And, by your numbers you got a 3% Click Thru Rate (CTR) which is slightly higher than industry average.
RE: CTP V2.0 Case Study #2 -- Getting Real With A Fresh Set of Eyes