The Magic is a really good plane for the price. Yes it will hover with a 40 sized engine. I have a TT pro 46 on it right now and it will hover at about 1/3 throttle.

I had 2 Sig SE's last summer and could not hover them as good as I can with the Magic. After some time you will get comforable with the plane and will be able to hover easily.

Right now I can hover about 10' off the deck right in front of me and keep it hangin there for 20+ seconds.

It is a really fun plane to fly.

Phil