I would have to disagree.

If you keep it very light and the CD way back, it will do anything you want, and much slower.

Use a small AAA NiMh pack, not nicds.
Drill the gear or use something lighter.
Use Ultra light tires.
Use a mini or micro on throttle.
Use HT mini's on the ails.
Use P/P on rud and a carbon or glass rod on ele.
Use a wood prop, not a heavy APC.
No spinner, pilot, canopy or anything not necessary.
With a .46 on a light pipe (Macs) it will come out just over 4 lbs. and easily pull from a hover with an 11x6, so it'll be fast enough to do something other than hover.

Now, move the CG (batt pack) back until the tail starts to sag at low speed when the tank is low.
This plane is very forgiving tail heavy, most aren't.

A 4 lb. Pizzaz is night and day from a 5.5 lb. one.

Kirk