Love the way the perch and the background work together on this one. I am just having a hard time getting a fix on the owlfly. The direction of the body and the wings confuse me. But hey, I am easily confused! :D Nice job.
Stunning image! Blurred background couldn't be better. The contrasting angles of plant and abdomen give it such visual interest. This is my kind of shot: artistically pleasing and scientifically accurate (I published an article on that subject). If I had a gentle critique to add, it would be that there is a bit too much cyan in the wings and body, a simple adjustment in Photoshop would take care of that before printing.
Looks to be a species of Ululodes. Unusual to see it at rest on Equisetum, the insect lives in shrublands and woodlands, the plant at waterway edges. Adults often rest head-down, in that pose, probably to mimic the plant. They have no defenses and might be a tasty snack for a feathered critter. See the family entry: http://bugguide.net/node/view/4129