well, have now 4 flights on my Hellraiser too. My setup is Axi 2212/34 with APC 11x4.7 Slo Flight and ESC Phoenix 25. All 4.4 gramm Cirrus servos (2 on ailerons) and a 3S1P 880 mah lipoly pack from www.falconbatteries.com (10C discharge and gives me over 10 minutes of full 3D flight). The AUW waas exactly 14 oz.
This thing totally ROX, and has plenty of power to spare . Even though the weather conditions where pretty windy for a foamy (15 mph wind and gusty) it flew great. Knife Edge hovers and snaps so tight it's unbelievable. Cant wait to wring it out in calm conditons to get some solid hovers, wateralls, and flatspins in. Harriers nice too. I felt totally comfortable after the first flight already. The only thing I am going to change is the CG (needs more aft) and probably switch to a 12x3.8 APC prop.
If you have been playing with the idea of getting one, don't hesitate. This thing flies so much better then my other foamies. It flies as solid as a Giant Scale plane but weighing only 1 lbs.

Here is mine :