[Titanaircraft] Titan II w/ Jab 3300?

I'm drooling over the TitanII w/ Jab 3300 for sale in Cali. Obviously, it's going to burn more fuel, but is a 3300 too much weight/power for a TitanII?
Researching this site, I see mention of 1,000lb gross aerobatic, 1,200lb utility. I assume this Titan weighs around 700lbs. Is that a realistic 500lbs to play with?

thx,
Brian

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