I intend to use the data logger (when I can get one) but my main reason I'm thinking of doing this is that it gives me just another way to insure that everything is working as intended. Included in the instructions with the radio system is the following info:
...
If a power loss or brownout occurs, the receiver will indicate the power loss by flashing. If you land and the receiver is flashing, it’s important that you investigate and correct the issue that caused the power loss.
JR/Spektrum gave me this feature for a good reason (in my opinion). If something has occured, I want to know about it and I may never know if I can't see the lights! I have every reason to believe that the radio setup and link in my airplanes is great but I'm not taking any chances I don't have to (short of staying on the ground

)
Also useful if/when I want to rebind/set failsafes etc...
Anyway, I'm getting sidetracked here. I'm not looking for information on how well the Spektrum system works... I understand it's design, strengths and limits as well as I need to at this point. I'm just looking to see if anyone had any materials or construction ideas on how best to do it. I'm thinking of using a short fiber/wave guide using something semi-flexible/removable like silicone caulk to attach it directly over the LED and then drill some holes to extend it to a visible location (maybe the control panel inside the cockpit [8D]) This would allow for semi-easy removal if need be in the future but hopefully would keep it in position to pick up the light.
Thanks to all for the advice on the Spektrum/JR system. I'm already confident enough to spend my money on that (just bought a x9303 and enough receivers to convert the whole fleet).