George,
Are you using a Brodak bellcrank? If you are not going to use a slider on the controls it shouldn't matter if you are at high or low speed. The bellcrank moves to keep line tension the same.
As far as the motor goes, if you plan to enter an AMA type contest then you would want the 35 since max size for profile (I assume you are talking profile here) is a 36. If it is a built up fuselage then the 40 would be fine. Either way you want the engine that has the best throttle control. Smooth response from low to high is important in carrier.
Hope that helps. Glad to hear you are thinking of trying a carrier plan, it's fun.