I voted the last option. :/
http://farm4.static.flickr.com/3055/...0b26a00b_b.jpg
It worked fine few 4S 5Ah battery runs in my brushless modded Hpi mt2. But then I put it to Inferno and during about 2nd lap on track it started flaming. :) I guess it wanted to smoke too because all the other cars on the track were smoking. Friend on a track went to save rest of the car luckily before anything else burned.
Sent the MMM to Castle on monday, from Finland. And while waiting, im gonna try some cheapo China ESC.
EDIT: Setup was 4S 5Ah Zippy lipo, MMM, 3000kV L-sized china motor, 13/52 pinion/spur. Engine temp was about 40C, battery was a bit warmed up, prolly because of the short circuit. Never got hot with that setup on Mt2.