need more info, what engines are you using? Are you talking about AMA Scale racing goodyear or one of the many watered down goodyear events? Either one is built to scale so, whatever wing area the full scale plane had transfers proportionally to the model + or - 5%. I think the smallest wing is 115 Sq. In. on the Dick Ohm Special but they fly much better with about 130 squares. Usually 3/8" solid balsa wing. You can increase the stab area up to 25% of the wing area but everything else has to be 1/8 scale. Speeds are around 120 mph. It's all in the AMA rule book.
The thickness of the clown wing might be a hotly contested dimension. The last time I asked about this I was told to build a plane, drive all the way to the nats, rent a hotel room for three days and then finally we'll tell you if it's ok with our go/no go gauge, which of course was a ridiculous answer. I think the accepted norm might be 1-1/8" but from all the original kits I've seen I make mine 1-5/32" before covering.
Clown is a limited tank size event so speed can be almost anything depending on strategy. I've had mine up to 115 mph with my maximum pit stop strategy.
Hope that helps,
MM