did this a few months ago.
used the tekno kit from tower for $100 or so.
used 1/8 scale speed passions esc and motor for $170.
had to take apart the tranny to install the single speed conversion.
now if i tighten up the spur gear, i can do wheelies or flip it on demand...
and this is a 2.5 revo i bought almost a decade ago.