I've got a couple of smashed/repaired FS's that are good beaters, so I'll give ya some tips that work for me. Get the CG halfway between the LE and spar. (Not sure how far back it is in inches, but good spot for me). Use a 9x5 prop around 10.2K RPM on 60ft lines and use narrow line spacing at the handle. Pushrod set at the furthest spot out on the elevator. Get rid of that tank at your earliest opportunity and put in a 2oz Sullivan clunk tank. Setup as I've described should get you about 5 minutes of flight time.
Sounds like theres already tip weight in the outboard wing - good. If ya need to add weight to the nose, put it wherever ya can. You can add some weight simply by putting on a solid aluminum spinner nut. Additional weight I epoxy to the underside of the fuse, underneath the motor. One of my FS's has 2.5oz of added nose weight because of a blunder in one of my repairs. Flies great tho, and is used as a trainer plane. Very docile.
For now, dont worry about the leadouts .... just fly it, and keep an eye on them. (I've got hundreds of flights on mine with no problems.) If this were a plane with hours & hours of building/finishing, then YES replace the leadouts, but its a 60.00 ARF to get a retread back in the air. Go for it .... !!
Hope this has helped, and let us know how you make out.
FlySafe! Larry (Larrys4227)