Patternflyer1,
I was planning on using a O.S. 1.60 FX as a must because it's a good easy to get engine.

A full blown 2 meter pattern plane with all the angles set at zero.

Good servos that will get the job done and not cost a bundle.

The plane will be built up balsa

(I don't know about modeling with carbon fiber so I probably won't use any). I don't want to mess with retracts.

The plane will be built so that rudder is strictly yaw, elevator is strictly pitch, etc.

The idea is a $100 plane that is capable of precision.