As has been mentioned here before to you. 40 foot lines will screw you into the ground even if you could keep up with it. 45 foot lines would be the absolute minimum. 50 foot lines would not be too long. Maybe something between 45 and 50 feet, you might be able to keep up with it. And there is nothing that says you have to peak those engines on the ground before the release.
This is something that Paul and I agree on. Use .012 cables. The length should be at least 45 feet to approaching 50 feet. On the release, be prepared to "lead" the model by keeping the handle well in front of the wing LE. This is a bit hrd to explain, but you need to lead the model on take off by sort of walking and pulling the model forwarward in a sort of whipping action. Your push/pull engines will negate the tendency for the model to torque into the center of the circle on release, but you have the inertia of the lines wanting to make the airplane to turn in. Once it has started to roll, and if you still have it at the end of the lines, it will literally want to jumb off of the ground, particularly with the long nose gear strut on the thing. In other words, when the model is realesed, things will happen really quick. Your rmodel is not much bigger than a 1/2A proto speed ship and you have twice the power. And those things, with the right engine prop and fuel, will go over 100 mph in a 1/2 mile from a standing start. You will not have the props or fuel to go that fast, but it will be really quick. Be prepared.
Keith