Tim,
I use a Rimfire 300 (100W, 1380kv) motor with a 480mAh (20C, 3S) battery a 10A ESC and a JMP timer, total weight - 95g (3.35oz), flight time - 3 1/2 minutes. The biggest variable is the prop. I currently use a APC 7x4. I found the out-runner manufacturer's recommended prop sizes to large in diameter. So, unless you want to fly with extra long gear legs, keep the kv high and/or the voltage high to get the RPM up.
When I started this project nobody had a 1/2a electric setup published, let alone readily available. So, when in doubt - test. I built a test stand to measure static thrust, voltage and current just to make sure I was in the ball park and not going to melt things. I used static thrust as a benchmark. I figure if you want a sport model it should be able to accelerate vertically; it's thrust should exceed it's weight. My best reedie gave me 330g (11.63oz) thrust on the old Cox 6x3 prop. Here's my electric test results (all @11.1v):
GWS 6x3 - 230g (8.10oz) @ 3A
APC 6x4 - 245g (8.63oz) @ 4.4A
APC 7x4 - 335g (11.80oz) @ 6A
APC 7x5 - 340g (11.98oz) @ 6.7A
APC 7x6 - 300g (10.57oz) @ 7.1A
APC 8x3.8SF - 380g (13.39oz) @ 7.4A (gets hot on the test bench maybe ok for flight)
The GWS prop results were interesting. I have some more sizes on order, 2 and 3 blade, and will test them when they arrive.
If you want to put this on an existing 1/2a model you will find that the battery has to be mounted right up front to get the C of G correct.