RE: eject..eject...eject!
Besides the fact that the AMA frowns on pyrotechnics from model airplanes, I have a feeling that once you accomplished this silly feat, you would not like spending the rest of the afternoon looking for your canopy and ejection seat. If you're lucky enough for the chute to open on the seat, then you have to worry about how far the wind is going to carry it. But you're spotter is the one that will be chasing all that stuff, because you'll still be flying the plane...that is, unless you got all caught up in the moment and watched the ejection seat instead of your plane and then you will be looking for it too.
just my .02