RE: intentionally overpowered trainer
You're right Papa, I'd forgotten about those very valid concerns.
OK, I'm changing my vote. Ixnay on the big engine. I guess I didn't see the bit about it being an Eaglet. Those models don't have a lot of wing spar in the first place. Adding that much power is asking for problems.
I suppose IF you're carefull not to exceed some basic performance limitations then you can do it but if you figure you can just blast 'er about the sky with total abandon then I think you'll find it disintegrates in mid air.
For example the ONLY time you should probably use full throttle is when the nose is pointed upwards at least 30 degrees. IF you can hold yourself back the rest of the time then yes you can get some more life and flying time out of the old airplane.
Papa this last bit goes for you too. Fly it with some degree of respect for the limitations of the airframe and you'll do fine. Ignore the limits and fly it like a Piper Cub with a twin row Wasp and it'll "blowd up reeeeal guuuuud". (10 points to anyone that can tell me where this last bit of comedy trivia is from)