Couldn't agree more! There's even more information about that jinx. It's mentioned in the [link=http://www.rcuniverse.com/forum/m_1136542/anchors_1604561/mpage_5/key_/anchor/tm.htm#1604561]thread[/link] I linked to earlier. Go to the last page (#23) and you'll find a video of the rebuilt model, now electric. There are also some specs in earlier posts of this thread including some advice by Nick Ziroli.

Turns out to be a nice flier even at rather high wing loading and little power, just with more luck. I don't think the original version with the gas engines was underpowered, I think it was still overpowered. I had the same idea as you that the plane bumped into the air. To me it seems the pilot was surprised and overwhelmed by the unexpected, both the bump and the flight behavior. He's said to be an experienced twin-engine pilot but in this case he seems to be in panic as he doesn't realize what happens.

The plane is rather heavy and trimmed rather stable. They say c/g something like 7.5" behind LE what means 20% static margin - overly stable. You'd have to "hold" the plane with up elevator till it reaches high flight speed what is no problem if the model is overpowered at the same time. That's what model fliers are used to, unfortunately. All the good advice, for instance yours, comes from full-scale pilots. They are not necessarily better pilots but sometimes they have learned to know their reflexes and to overcome them if they are wrong. The up-elevator reflex, the pick-up-with-aileron reflex, the forget-rudder reflex, all mentioned by you, are clearly seen in the video. Stop it at a certain moment and view it full-screen and you'll see all these reflexes in one single picture.