RIght now mine is set 4.5" back from LE, but I plan to move it back more.

Check out the product review (click on "View all Product Reviews and Articles" from the main page). Look for the Global Freestyle review by RCAddiction. Its very good. It will answer all your questions and then some.

You will like this plane. It is incredible smooth, especially for a 40 sized plane. Enjoy...