Hawk,
If your Max-S .25 is in decent condition, I'd go with that. They are very tractable engines and should have enough gumption. I would go that way, even if I needed to fly it on 52's. Unless of course, you are fundamentally a "sewing machine guy" at heart. Then stick in the little FP and lean 'er out! If the plane was light, and if it balanced with the little FP without adding weight anywhere, I might try that. Otherwise...probably not.
On my SuperClown (now retired due to Lustrekote paint issues--never again!), I have run a Fox .35 (worked great after it was properly broken in and the stock Fox muffler replaced with something else--anything else!), an OS .25FSR (real good imitation of "Bat out of ...."), and, I might have tried a .30 or .35 Max-S.
Mine had a decent-sized chunk of lead attached to the tail for balance. Might have been half or three-quarters of an ounce. The plane will carry a bit of weight without being a dog. Must be a reason for those "flaps on a Ringmaster?"
As noted, the Flying Clown is much smaller, along the lines of the Circus Prince. But I do have a plan for the SuperDuper Clown, which is the Flying Clown scaled up to something close to the Super Clown. If you start messing around with these, you kania really go crazy....
Dave Hull