There is probably a little more to be found in this set up, especially the gearing. Will be purchasing some 29 to 32 tooth pinions for next time. Suspension worked really well. Most confident I've felt with the car yet. track was damp in the morning, but dried out during the day and griped up.
Update 29 April 2012 - Ran at the Castehill ProAm (interclub challenge). Missed A Final by only 3 seconds (bummer). the only changes from the set up sheet are: 32t pinion, Associated front wheels mounted with Losi Blockheads