How fast will it go? What are the performance specs?

Using a 180HP Lycoming IO-360 engine, a builder should expect the following:

Cruise 40% 185mph

Max Range 75% 1000 mi

Max Range 40% 1300 mi

Cieling 20,000ft

Useful Load ~1000 lbs

What does this mean? It means that if we leave my house for Key West, Florida at the same time in Columbus, Ohio, and you fly commercial and I fly myself, I'll be drinking margaritas when you get there. Columbus to Key West in one shot.