OMG THAT IS A LOT OF POWER!!!
All I can say is wow. I had to spend the last couple of nights soldering some connections since the watt/amp meter I bought came with bare leads. Took me a while because I changed my mind about the process when I was over halfway done. I then spent an hour or so reading online about how to hook it up and what to expect. I then triple checked everything and ran through what I would do if something went wrong (smoke, prop comes off, etc.).
Then I cranked her up. I started with about 1/4 throttle and ran it there for about 15 seconds. I then unplugged the battery and check the prop for tightness. I plugged the battery back in and slowly ran her to full throttle and man is that thing scary! I was giddy with adrenaline by the time I finished and almost forgot to look at the meter.
I only had the battery charged to about 3.9v per cell and it was pulling 512W at 35A. The motor is rated for 60A and the ESC for 80 so I have plenty of room to add more power if I want to just by adjusting the prop. I'm expecting the total weight to come in at about 5 lbs so 100W/lb seems likely which will give me a pretty gentle flyer with enough power to correct for the mistakes I will make.
The only things left to do is cover the fuselage, balance it all out, and then go for a maiden!