Hey Mike,
The PT 40 was the first kit I bult when I started RC in 1998. It was a great building experience and a better flying one. It was such a lovely plane to learn on. After getting many low wingers and aerobats, I still enjoyed the PT for those relaxed tension free flights. I ended up selling it a few months back....but won't hesitate to admit that it was one of the best planes I owned.
Fly it and enjoy!!!
Cheers