My wife bought me this plane for Christmas, it is a Phoenix Edge 540 1.20. 65 inch wingspan. I figured I will do a thread on it.
After unboxing plane looks very good, nice covering, looks pretty well built. weight of plane as you see it in the picture is
4lb 12oz. Not horrible but not the lightest. Setup will be:

DLE 20 with Stock exhaust
(5) Futaba 3051HV servos
(1) Cheetah 3000 mah LIFE battery (RX & ignition)
Hitec Optima 7 RX
(1) Miracle double switch
Tech Aero IBEF
10 OZ tank.

I will be cutting the pilot and canopy floor out, Changing all the pushrods to carbon fiber with Rcconnector rod ends and using
dubro 4-40 hardware, Dubro heavy duty servo arms.

with all hardware I am looking at approximately 8.5 pounds without lightening, I will consider using a 2100mah battery (-4oz), and no
spinner. and hopefully save 2 or 3 ounces removing the pilot and canopy floor.