I don't think you will be happy with the 3-47 to 1 gear ratio. You won't be able to swing a large enough prop to make it work. When I purchased my second Sport Copter, it had a 3.0-1 ratio. I changed it to the 2,62-1, With the 3,0-1 it was very doggy and I couldn't get much over 55 mph. It had to be pitched at a steeper angle which didn't give me a lot of reserve power. After changing the gears, it made a big difference. I now have the reserve power I need and can top out at over 70 mph. I spoke with Warp Drive, Powerfin, and also a lot of gyro venders at Oshkosh. Everyone I spoke to said I needed 2,58 to 1 with a 3 blade 68 inch prop. On the E gearbox, the closest I could get was 2,62-1.
Hope this helps.