Longer lines are the key. With my .061-powered stunters I kept lengthening up to 52', finally settled on 48' as a good compromise. Decent (read: slow) lap times while maintaining needed air speed. I have a Norvel .049-powered one I have flown on the 48' lines too, it did OK but I think 45' would be more nearly ideal for the smaller engines. I like 4.0-4.4 or so laps, I can't get any slower than that and still have the needed airspeed.
Oh, a big wing helps too...200-250 sq. in. or so, more if you can do it and stay around 10-12 oz. total weight. One of my early LittleAxe versions pigged out at around 15-16 oz., it flew OK but required more speed to carry the weight. Lighter is better.