You're in luck...
My LT40 is electric. I'm on my second motor/ESC/battery setup. The first one flew, but was wimpy. I had to modify the fuse slightly to use different main landing gear. But it's turned out really well.. And is fun to fly.
Here's my thread on the motor setup:
http://www.rcuniverse.com/forum/m_6359162/tm.htm