Hi Guys,
The small front end and the exhaust flap tells me this engine is probably from early to mid-70's. The 40 started life as an RC sport engine so it had mild timing for easy handling for sport flyers.
K&B 40's then became a popular sport pylon engine and K&B kept ongoingly changing crank and port timing and a bigger bypass area, head shape changes and etc., to make it a better race engine, but there was no change in model designation or outward appearance. The K&B box just said Series 70 and later Series 71 models. (I never even heard of an 8011 designation back then.) At some point, a bigger front end was created to be stronger for pylon racing users. It is just a useless extra ounce of weight for stunt use-Stan Powell upgraded the bearings in the small front end and they worked just fine. I didn't even bother to do that. My engine weighs 9.1 oz. without muffler. ( please note* the Hemi head [not squish band or wedge head] gave the best stunt run)
The good news for you is, I ran an engine like yours dead stock and before all the racing modifications were added by K&B and it made a fine stunt engine for airplanes of up to 630 sq" & up to 55 oz.in weight. Stan Powell refined the engine and Les McDonald used it to win a world championship with his Stiletto 660.
I used a 12x5 Rev-Up prop cut to 11.5" or 11 5/8th" - This was the first time I used a higher rpm and lower pitch 2/4 engine run and I had loads of power (9,500-10,500 rpm tached on the ground). A Rev-Up 5" pitch prop specs out on a pitch guage closer to 4" pitch on many props so you might want a 4" pitch prop.I later acquired and engine modified by Stan which was great. Fuel was all castor, 24%% oil,5-8% nitro-the oil controled the engine 2/4 break.
I loved my K&B's. Best Wishes, Pat Robinson