This was the chassis that finished second at last years carpet nats (McKune variety). Very good driver mind you and almost pulled off the win.
My feelings, don't add the IFS. Only add the Exo lower front arm braces. Skip the adjustable upper arms. Gear it right, not gear the piss out of it. Make sure it rolls free and doesn't bind at all. It does have more infield speed and corners better than an F104. At 7 minutes you will be running as fast as lap 1 with a minute to go. The F104 has been known to start to lose front traction and fall off the longer the race goes.
And finally, practice.