Jeremy, the b40 will be way too much motor for the vip. I would highly recomment a f5d style plane such as the sunracer or avionik d-99. These are bigger planes that can carry the weight of this system and fly much more stable at 150+ mph.
Now if you are set on the vip, I would get the mega 16/15/3 with cc25 controller.
You can see vids of my sunracer and vip here:
http://thetick.rchomepage.com/