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I bet the Traxxas FC will work a LOT better on a treated track with treated foam tires, and some time getting the chassis dialed in. I bet there will be people get it close to the 2.00 mark, if not...

I have run the electric version (top pic) to a 1.58 seconds @ 88 mph in 132 feet (1/10 scale quarter mile) back in the round cell (10) and brushed motor days.

Track was prepped with sugar water...

I think a single wheelie bar is just fine, as long as it is centered correctly. That's what the real car uses, and that's what the high performance rc drag cars use mostly. If I was having problems...

They look good to me. Too much power all you do is spin the tires and lose control.

Sure you can, no problem.

Here is a video of my friends 1/10 scale car- has dual chutes.

http://home.comcast.net/~justin1011/RCdragracing/DualChutes.MPEG

No video on youtube... Here are some pics of me driving it at BIR (Brainerd International Raceway)
Open chute in the last pic...

http://img.photobucket.com/albums/v439/SongasRacing/Rc%20Drags/ready.jpg

Here is my set up for my 1/4 scale funny car. Same thing would work on a smaller scale.

http://img.photobucket.com/albums/v439/SongasRacing/Quarter%20Scale/P5100829.jpg
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Should be noted the JFR cars with the Boss 500 engine uses a blue anodized block.
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