Tim, IMHO, the LA 46 has a couple advantages,, if you do end up a touch heavy,, its got power,, its available, its easy to run, its versitile in most anything up to about 600 inches, there is a ton of info, they are cheap, so,, is it to big,, well its more than you need, but you can tame it with pitch,, to control speed. I would consider if you have a kit, perhaps you could add a few inches to the wing( sometimes the spars and LE TE stock is longer than needed so cutting a couple extra full ribs it would help. Extend the tail length as suggested by Fancher.. My first flapped plane was a Fancherized twister with an FP 40, but they are a BIT less friendly to run than the LA. also a bit tougher to come by. Used to be there was an advantage to the 40 because line size was tied to displacement for stunt, now with that not the case, there really isnt a great reason not to.
there are other engines,, the original was designed around a fox 35, I suggest you not go that way however, it requires different fuel than your other engines,, its also IMHO not the best option for situation,, Steve helmick has a 36 myabe a Magnum, or a thundertiger,, not sure,, but it works well also
dont over think it, do what Fancher says,, build it straight( replace wood as needed from the kit) light, and make it servicable,, like as in, shrink wrap covering,, The wing will take an amazing amount of abuse without failing,, WITH ultracote,, Not with Silkspan,,
my two cents worth