Assuming the pilot holds the handle in the middle of his chest (that's how we normally do it), level flight will be at approximately 5 feet. Also, assuming the pilot rotates around the center of the circle, the radius of the circle will be approximately 8 inches longer (center of chest to handle, or about 60.7 feet). At 12 feet above the ground, or 7 feet above 5 foot level flight, the radius the plane would be flying is about 60.3 feet or 0.5% longer. than 60 feet. If anything, the calculated speed is somewhat understated from what would be expected if flying using a pylon - 124.6 vs 124 MPH. (I drew it in my CAD)