Hi Barry, keep your eye on the for sale section here, lots changing equipment before the summer, Losi brushless is well thought of by some, in your price range, spect you will need something like a 6.5 or 7.5 for the RB5, we ran 6.5 in a B4 last year, was good.
You are misinformed with regard to brushless, no major problems, most modern esc's have a cutoff to stop overdischarging, and to me they seem easy to handle and charge, just charge and go, no peaking, no balancing and will last as well as nimh over winter, you may find somewhere inside to race - we do.
Remember batteries need to be of "approved make" for BRCA events (possibly not club events) and if you put lipo in you will need to add weight somewhere, they are half the weight of nimh cells.
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