Krazy,
If I were you, I would definiately look into the Piedmont Models Focus. It is either an ARF or an ARC. They are very cheap and are of high quiality. I believe that the OS 1.60 would do great in that airplane. Since you are in North Carolina, I believe that it would be a good plane since they are located near Burlington. The ARF sells for about $825 and the ARC for about $725. The ARF is covered in Oracover (Ultracote) and the finish on them is wonderful.
I do not own a Focus, I own a Hydeout, but I have seen the Focus up close many times and have seen it perform. It does very good. You can check out their website at
www.piedmontmodels.com . It is well organized and they are very happy to help you if you call. Hope this helps.