I apologize for not responding....wasnt watching this thread...

As for the 22" ulitmate, I used the following

GWS RXC motor/gearbox
GWS pico 4ch reciever
Bluebird BMS-306 servo's
7.4V 340mah LiPo
Bluebird BSC-05AN ESC

It flys great. Its short on power, and lacks the vertical performance I wanted, but thats because I didnt build it light enough. It flys REAL slow around the gym. Its similar in flight to one of those Bugz planes...only difference is it has ailerons and can do rolls.

I got the plans off of jetworksmodels.com and built it out of depron.
Im not sure how much it weighs, but the key with this setup is build it as LIGHT as possible or it might not fly. Its a really docile plane with this set-up. Just needs more power.