Andy,
Yes, AMA has a Code 550. Read it when you get a chance. It will explain their viewpoint as far as coverages goes. Right now there is a weight limit with FPV due to the dangers involved. Take a look at the following thread:
http://www.rcgroups.com/video-piloting-fpv-rpv-469/
Here are some links to videos I made over at Georgia Jets:
http://www.vimeo.com/3212085
http://www.vimeo.com/3205263
The Easy Star has an F-16 type of hud used for navigation with a gps. The Electro Stick has a different type of On Screen Display, a DAKAR OSD, used for navigation as well.
If you have any questions don't hesitate to ask.
Scott
BTW- Headplay makes a good set of goggles. FatShark is another brand made specifically for FPV. RvisionD goggles from Range Video are what I'm using now with good results.
www.gajets.org