lix comments on Best career models for doing research? - Less Wrong
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After several years as a post-doc I am facing a similar choice.
If I understand correctly you have no research experience so far. I'd strongly suggest completing a doctorate because:
You may also be able to continue as a post-doc with almost the same freedom. I have done this for 5 years. It cannot last forever, though, and the longer you go on, the more people will expect you to devote yourself to grant applications, teaching and management. That is why I'm quitting.
Huh. That's a fascinating idea, one which had never occurred to me. I'll have to give this suggestion serious consideration.
Ron Gross's The Independent Scholar's Handbook has lots of ideas like this. A lot of the details in it won't be too useful, since it is mostly about history and the humanities, but quite a bit will be. It is also a bit old to have some more recent stuff, since there was almost no internet in 1993.
Or become a visiting professor in which you teach one or two courses a year in return for modest pay, affiliation and library access.