Rusty, that wing area is appropriate for a Babe-Bee or other detuned 049. It would be too small for a 020 reedie, although it may work with a TD. You should be fine with what you have, although you may want to go with a Medallion venturi to tone it down.
(If the engine seems to run nicely, I'd just go with longer and longer lines first, though -- if you use spectras, the experimentation should be cheap).