ORIGINAL: Blue_Sky
... I wasn't aware of the Low Voltage Cutoff feature, or more accurately, the Battery Eliminator Circuit...
Those are two different things.
ORIGINAL: Blue_Sky
... If I understand this correctly, there would be no connection going into the battery connection of the Hitec Micro 555? The receiver is powered through the ESC throttle connection?
Correct.
And when using a BEC, you may not even plug in a receiver battery. All the plusses and minusses (including those of the BAT connector) are internally connected. Say the BEC gives you 5.0V and the battery gives 4.8V, you'd have a voltage diffence of 0.2V and no resistance. Not good, you can't have two captains on one ship, recipe for disaster.
Vriendelijke groeten

Ron