Bob:

Heres what I do. come in like your landing, just before you stall, then pull up and add just enough power to sustain, you almost mush into hanging. then drop throttle one click at a time. Sometimes it comes down fast. but then just quick on and off the throttle til you maintain. to keep it from torqueing dont go 90 degrees, keep it about 85 degrees. just practice.

ps if your not using a 12.25x3.75 prop your almost waisting your time. that is the perfect prop for hoovering with a 40-46.