Oldbob,
It will fly great and you'll love it.
If it were me...
I'd remove that blue strip of covering on the top of the wing that runs nearly from tip to root.
You can replace it with blue monokote and be a very close match.
You WILL have covering trouble.
That blue strip was the only one that really endangered the plane so be careful.
In my experience your 7.75" CG is safe.
I would use the recommended throws for the test flight...15 degree for elevator and ailerons.
I fly pattern contests with mine and with my CG I am flying 10 degrees elevator. I am also flying with about 15% expo on ailerons and elevator...just enough to offset the "anti-expo" of the control linkage.
Rudder I am using 85% expo. That way I can just lean on the rudder for subtle heading corrections, have gentle control for takeoffs and landings but then have full throw available for stall turns and don't have to worry about getting caught in the wrong rate switch.
Mine has a Hyde mount with YS 1.10. The plane now has 100 flights on it and is holding up very, very well. I believe the Hyde mount has a lot to do with this. No cracks, no screws losening, no linkages developing slack...I'm sold on them!
Good Luck!
JLK