For starters, as you said, I think you would have a real problem reaquiring the model when switching from unaided vision to binoculars. Not to mention the fact that the AMA safety code specifically states that pilots will maintain visual control without enhancement other than corrective lenses prescribed for the pilot. Now, you may or may not be an AMA member, but common sense dictates that you keep the model close enough to see what you're doing. Flight simulators are a great help in learning how to fly but they are not the same as the real thing. You'll realize this about 2 seconds into you're first flight.
I'm not trying to discourage you, but you might want to reevaluate your choice of aircraft. Most people start with a "newbie slowpoke plane" for the very reason that they are slow, giving a new pilot the chance to think. In any case, I urge you to find an instructor to help you. He will make the learning process much easier and less expensive. There are a lot of clubs in NE and the people in this hobby are always eager to help those who want to learn to fly. Here's a link http://www.modelaircraft.org/clubsearch.aspx
Good luck and welcome to the addiction!!