Hi Joe,
Can't say much about your set up, but remember, you don't have to run the engine wide open. In fact, a bit richer than peak will help the engine pull through manuevers.
5.7 on 60 ft. lines is real slow for a stunt plane like the P-40 to fly.
The speed the airplane needs to fly at is pretty much regulated by prop pitch and lap times by line length. Get the flight speed where the plane is comfortable, then lengthen or shorten the lines to make you comfortable.
5.7 on a plane with lines that approach 70' from center of handle to centerline of the plane might be ok for a piped full boogie stunt ship, but a profile on 60' lines will be turning closer to 4.9-5.0 usually.
Bill <><