Given that the vertical axis moment of inertia summation involves the square of the distance of the mass element from the CofG I suspect the improvement in this from moving the engine in this way might be disappointingly low for the amount of effort required.
It would be interesting to compare it with,say, the effect of reducing the weight in the wheel/hub/brake/wing assemblies as much as possible (as these are about the furthest things from the CofG). Also, perhaps replacing the DD tube with a light alloy structure.
Edited by - Colin Mill on 25 Oct 2009 09:50:21