It may have a governor but I am not using it. Currently just running it wide open. Installing the KR timer will fix that I think though. If not, I have several other ESCs to swap to that I know have governors.
I'm not so sure it is a loss of speed through the maneuvers. Slowed down, it was really light on the lines even in level flight.
You need to have a governor somewhere in the system. It can either be in the ESC with a constant speed command from the timer, or it can be in the timer, ala KR.
If you're used to combat, a plane that small may feel light on the lines even when control is solid, so you want to pay attention to (or say, if you already know) if it's just not pulling on your hand or if you're actually having control issues.
Even though I tend to fly small airplanes on long lines, I think you're at the limit of where you want to go with that plane. I have an overweight Ringmaster that flew pretty well on 60' lines (eyelet to eyelet -- 62' by the rulz) -- but that was a slightly bigger, and
much heftier plane.
Like a lot of other people here, I'm suspecting leadout position -- particularly now after your comment about it being light on the lines even in level flight. Like Jim said, this could be due to a whole lot of things. Trying to do it over the web will take longer than if you could just go fly with someone in the know -- but we'll help you out as much as we can. You don't need to
really worry about the plane until we start throwing out suggestions for more conventional stunt trainers.