Hello Dan,
Sorry to take so long in responding.
Like you've read already, you'll end up with a motor in the 3-1/2 to 4-1/2 ounce neighborhood for your Magician. In the Rimfires, for example, that would be a Rimfire 15 or a 25.
The R15 is a 1200 Kv motor, and if combined with a 3S battery you'll end up with a practical range for the governed RPM of 10,000 to 11,000 RPM. (75% of Kv * Vbattery, give or take 5 or so percent)
The prop will probably be an 11-5 as the 5-pitch and 10,500 RPM is close to a 6 second lap.
As for me, I'd rather see you use a 4S battery and a 4" pitch prop, because the 3/4/5 ounce motors all have fairly high resistances, and the efficiency gets dramatically better on 4S.
The 3S setup would probably require a 2600 mAH to 3000 mAH battery, while a 2100 or 2200 will do for 4S.
In that case, I'd go for the slightly heavier R25 and play with both 4" and 5" pitch props.
That motor will also be a better bet for a full 40-ounce (okay, 39-1/2!) ship later.
You are looking for Kv between 900 and 1100 for a 4S system, and a Kv around 1200 or 1300 for a 3S system.
As you go searching for parts, keep us updated.
Dean P.