The Power Pro "Slick 8" is .016" for 65 lb test, and .013" for the 40 lb test I ordered. I checked the multiple other varieties, and the chart they show all as being the same size. However, I did not check the lead core or the hollow core, 'cause I don't think either would be appropriate for our use. The Vermilion would be perfect for a Stunt Fairy.
Just from fishing with braid, I can tell you that it is quite aero draggy stuff compared to Copolymer ("monofil") or Fluorocarbon. Sometimes, it's important enough to be a PITA. From that experience, I honestly don't see any reason to use this stuff for flying toy airplanes. Stainless steel cables are great stuff, especially when connected to a hardpoint handle! Don't forget that you'll need less tipweight....
As to aging, I wouldn't worry about that at all if it has been stored inside, out of direct sunlight, etc. Regarding knots, using the right knot is very important with any fishing line. I generally use a Palomar, but recently changed a rod/reel from 10 lb test BPS fluorocarbon line to 10 lb test Seaguar Red Label. The Palomar no longer worked, so I changed to a Trilene knot. That's sort of an "Improved Clinch Knot", but at least the way I tied it, I ran the line through the eye of the jighead twice. Several knots can be "doubled" like that, with great results. Google and YouTube are your friends. I can only remember so many knots, and then have to punt.

Steve
PS: You will
lose strength at any knot, with any type of line. Any. That's the way it is. Some knots are better than others. The problem is as simple as the line cutting itself easier with some knots. It might be possible to bind a set of Spectra lines like cables, but Spectra is still a new option for us, and it'll take time to develop the best method. And then, your plane may get
loose on the lines.