My daughter considered Reed as part of her private school applications. As she and I researched it more, it seemed like the Rice of the PNW -- a lot of really smart kids, but a pretty lame social environment.
She applied to L&C and got some generous scholarship money, but wanted to go to a bigger state school with robust athletics. I have a good client who went to L&C, and while he really liked it, he said that area of Oregon gets much worse rain than other parts of the state. (See below).
My daughter is a rising sophomore at Oregon, and absolutely loves it. I thought a Texas girl who loves the sun would have a tough adjustment, but she said the weather was okay. The rain was mostly a constant drizzle such that students don't even bother carrying an umbrella, and instead rely on waterproof jackets and backpacks. And maybe this year was a little different, but she got a fair amount of sunny days in the middle of the rainy season. I was actually surprised to get from her so many photos in the Fall and Winter that showed sunny blue skies.