Well guys, I finally broke down and bought a good 1/8 buggy. After owning my X-Terminator for a couple years, I can say that it doesn't seem up to the task of handling well at the local track (last time it only lasted a lap or two when the front endbell on the 540C 9L decided to come loose, stripping the spur gear).
Yesterday I cashed in four (yes, 4) paychecks, totalling something like $650. I put 50% into my savings account, and was still left with $325. From my boss at work I bought a Proline Revo aluminum steering arm and a Hitec 5955 (titanium gear 330 oz./in. servo) both brand new for $80. Then I sold my TC4 for $60, so I was still left with $300.
So, with my extra cash, I knew I had to get something good, and after reading a bit about the Hyper 8 Pro, the only major problem I read about was the fuel tank breaking a lot. But hey, that's not a problem with electrics. I had been watching a Hyper 8 Pro (used several times) on Ebay, and it had a Buy-it-Now price of $250 (the kit costs $410). Here's a link:
http://cgi.ebay.com/hyper-8-hyper8-p...em300083793778
The seller is fairly local, so it shouldn't take more than a day or two for it to get here after it is shipped.
I'll be doing a different setup with this than BrianG has with his. The motor will be in the rear, laying pretty much flat on the chassis. So far I'm looking at the Feigao 540C 8XL since I've had good luck with the 540C 7XL in my Revo (it has yet to exceed 140 deg). The battery will be a single pack, a Maxamps 4s1p 5000mah pack. It'll use a Mamba Max ESC. Overall, this should be a very light weight conversion, and the chassis should be balanced (left and right) with the motor/ESC on one side and the battery/servo on the other.