You will definately want to go sensorless. Why do you have such easy access to the Novak and LRP stuff? If you get it at a way lowered price, you might want to just go w/ the 4.5. It definately will NOT get you to 100mph, but it would still be fun. To break into the 3 digit speeds, you need to go w/ a high quality sensorless company (lehner, hacker, aveox) and an esc that can handle a ton of amps. The 12020 could be a good one, Schulze has quite a few (though more expensive than the 12020,) and the Quark monster could probably hold its ground as well. Check out
here for some links.
JB