Life's too short for ironing
Join Date: Dec 2001
Location: Scotland, & Maryland, USA
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Another though I had was the Sonex, which meets your performance criteria and might be considered much easier to build than a tube & aeroplane. Also you can stick the VW engine in it, which helps keep your costs down.
It's not currently on the PFA approved list, but I understand that someone in the UK has been working with PFA and is close to getting one through the system.