More equivalent to a ST G.51...which is a ST .60bb in output but at a bit higher rpm with flatter pitch props...a good thing. The nice thing is that they should be happy (once run-in) on good quality R/C fuel, such as Wildcat Premium or Powermaster 5% x 18% or 10% x 18%, since they are ABC and not ringed. I'd likely add 2 oz of Randy's Aero-1 per gallon. I'd at least try the 12.25 x 3.75, 12-4 and 13-4 APC's or whatever else you can find in that range. Look at XOAR wood props to see if they make a 12-4 and 13-4. There should be some CF props that would work, if you're interested?
Last I flew a G.51 (a T&L CL version), I used the 12.25 x 3.75 per Dan McEntee's recommendation, and it was pretty happy. I'd expect much the same from the stock ASP/Magnum, but the only one I've (bench) run is an SSW rework with the blocked boost port, and a GMA rework that had some loose tank issues.
Blocking the boost port is not a major deal to do yourself, if you wish, and it's also easily returned to stock. Leonard uses a pretty large venturi to recover some of the "power" lost, so the fuel economy isn't so good. Locally, Pat Johnston, Randy Powell and Mark Scarborough have all flown SSW reworked Magnum/ASP XL .53's in various airplanes typically powered by ST .60bb's. Pat says it's an exact replacement...same power, same props, same run, but lighter. The XLS engines would not be so much lighter. Look to Randy Smith for a lighter tube muffler. He can also provide a venturi and NV Assy. I'd expect a .272" or .281" would work pretty well.
The current XLS engines are a bit heavier than the old XL series, but they're what you can get...and get parts for. I have an XLS .46 and an XLS .52, if you need bare weights, I can put them on the scale for you. Typically, the bigger displacement version is lighter, because they're built on the same crankcase casting. More emptiness inside with the bigger bore. I'd suggest 650 to 725 square inches. Maybe bigger than you want. Think Impact or Trivial Pursuit size. Not many suitable profiles, but maybe a
stretched Pathfinder or Cardinal would work.
I mourn the passing of the Magnum XLS .36...sweet little engine, excellent on a Twister, or most any .35 sized Classic. For awhile after it was discontinued, you could still get the ASP version, but now it's gone also.

Steve