I had a Magnum .30 4-stroke, and put it on a Flite Streak. Had to shorten the nose over 1" and put the tank inboard. That setup worked really well (more below). Vey pleasant combination. Totally capable of a good competition pattern. I don't recall the size of the SkyRay, but you can figure it out relative to the Flite Streak.
Then I had a chance to compare my engine to a Saito .30 four-stroke; on the same bottle of fuel and the physically same prop, there was a 400 rpm difference. The Magnum went on sale immediately and was replaced with a Saito! Anyway, the Flite Streak has a fat airfoil and 390 sq.in. Balance it right, and you have a delightful combo with either engine.
Incidentally, with the inboard tank location I got a 4-8 break.
That is, I would set the model dead lean on the ground; then it would go rich in the air, but when you loaded it down in maneuvers, it would really "dig in". A remarkably nice performance equivalent to the best 2-4 break I have managed. You could hear the engine generate more power whenever it slowed down or was overhead. But the transition was very smooth, not like a "break" at all, just more power in smooth proportion as the speed dropped .
There are a couple of humerous anecdotes related to this model. First one was at a contest, I took off and flew the pattern. The judges, who were between the two flight circles thought my engine had quit, because they could not hear it over the sound of the model behind them. When I completed the 2nd part of the reverse wingover, they decided I wasn't planning to whip the model through the rest of the flight, the engine must still be running.
The second event was when I persuaded Keith Trostle to fly the model. He took off, and related that he figured it was totally without adequate power. However, he tried a climb and dive; that worked. Next a high climb and dive; hmm that seemed OK. Then a wingover and all is still well. A loop? Yup, still hanging in there. So he then did the full pattern and was well pleased with the performance of the plane. I don't recall for sure, but he may have done his signature square hourglass as a finale.