I went to the field today. I met with my instructor that made all pre-flight checks and found it to be built just fine. It was also balanced well and there was no need to modify anything.
We then "broke in" the engine and tuned it up.
However, I was not able to get it airborn since there was an "old-timer" tournament in the filed. It was quite interesting to see those old (30's and 40's) models flying that high and that fast....

I hope to meet my instructor on Tuesday and get it up to the air for the first time...

Thank you all for your comments and suggestions,
OG.