Brushless TNX suggestions?

[Dagger Thrasher]

Hey all,

I was surfing eBay the other day, and long story cut short...I managed to pick up a second-hand TNX 5.2R for £56 including delivery!:027: It's a bit battered and needs some TLC before it can be driven, but most importantly its engine was knackered. So...its obviously calling for a brushless conversion.:018: From what I've seen, not many have done BL TNXs, so it'd be something different and I was wondering if you guys had any suggestions for a power system.
I'd be keeping the stock 2-speed and using the mechanical brakes. I've been thinking something along the lines of a Feigao 7XL with 4S Lipo and an MM/MMM ESC, but what do you guys think would make a good setup? I don't know what my budget would be really, tho nothing too expensive, and I won't be converting it for a few months due to coursework/money, but I just wanna get some ideas in. Here's some pics of the rig as it arrived today:

http://img.photobucket.com/albums/v6...r/HPIM1460.jpg
http://img.photobucket.com/albums/v6...r/HPIM1462.jpg
http://img.photobucket.com/albums/v6...r/HPIM1464.jpg
http://img.photobucket.com/albums/v6...r/HPIM1465.jpg
http://img.photobucket.com/albums/v6...r/HPIM1466.jpg
http://img.photobucket.com/albums/v6...r/HPIM1467.jpg

Thanks for any input guys.:027: