That's right. I generally use about half of it. 15-20 in flights. I fly at a lot of warbird events, and I have found I do not want to be short of fuel, as there is a lot of traffic on the flight line.
Most if not all airplanes in this size range were designed to take a tank of this size. If you were running a .90 sized glow, you would have a 16 oz. in there.