You don't have a problem. The Pic shows the fuselage pointing downward, making the downthrust appear to be excessive. Look at the top of the Fuse, and the lateral balsa seam under the white and red Monocote. It's not level. That seam is in essence your thrust line, (roughly,) and you need that much downthrust if you are using a .46.

You'll be OK; go fly the thing !