Hey, another S Texas guy! How far along are you, I get up your way occasionally.
There seems to be an unwarranted phobia that the 12 will go too fast and the FAA will snatch them away from us. The FAA recently challenged a friend with a 170 mph Sonex, he won, they backed off declaring it perfectly legal as an LSA. I think our design was carefully done to fall well below the LSA requirements, and that we can tweak a few knots more out without a problem, that is part of the fun of being experimental.
I am building ELSA, but you can bet your boots when it is all done, I will be customizing it to suit me better.