That sounds like a very good price and I'm sure you will enjoy this project.
I would equip it with HS 65 servos.
A Hayes 2 oz tank and Sullivan brand small silicone fuel line. I would run it on crankcase pressure, even if you have to rig your own tap. I've never tried to install a tap fitting on a MK 1, but unless you are familiar with using latex bladder tanks, it is well worth the time to install a pressure tap. I've entered through a mounting lug with intersecting holes, then plugged off the unwanted penetrations with aluminum wire pressed in to the access hole. Size your penetration for 3/32" brass tubing as a press in fit..or use a threaded #4-40 tap fitting.
The venturi ID should be 5/32" if running pressure at high rpm potential.
Not sure about the current trend of onboard battery choice for a pair of servos.
I've had nothing but good results with the Spektrum park flyer RX, but I'm not up to date on all the best options for small radio gear.
Last edited by combatpigg; 03-01-2014 at 08:51 PM.