I saw it happen again at the local rug this weekend.
It appears to be a BEC issue in this one.
He was running:
Air 257 servo
LRP Q1
The light on his PT would go dim and the Spekrum Rx would go into failsafe.
It would shutdown for about a SEC or so, then come back on.
He replaced the system with old stardard Tx/Rx and no issues.
He was able to reproduce it on the bench also.
We did not try the CAP fix, but that is next as a test.
On a side note: he runs the exact system(Tx/Rx/servo) in his gas cars with no issues.