2) It has no ailerons, so aerobatics are out of the question.

Absolutely spot-on post in all ways, Minnflyer. But I have to respectfully disagree with the above. A three channel model in the hands of a practiced flyer can do loops, barrel rolls, avalanches, inverted flight, stall-turns, fair snap rolls, and soggy spins. A single channel (rudder only) plane can do loops and rolls and more. One of the most fun sport aerobatic models I have ever owned was a Goldberg Jr. Falcon with Cox TeeDee 051 and 2 channel Kraft radio.
Kelvin