This type of motor has long been my favorite for best speed and acceleration from a light motor setup. The 2212/6 2700 Kv motor is a bit limited in prop selection and does draw the most amps of all our recommended setups, but the speed is worth it in my experience :) I have regularly clocked my NAMC Mig-35s weighing in the neighborhood of 21.5 oz/610 gr in the high 80s mph and even occasionally over 90 mph with this motor setup.
This type of motor has become a bit more difficult to find in recent months, but we currently have found a source called Fasttech that sells this size motor for $7.42 USD (price effective 19 Apr 2017) and offers free shipping as well as a discount if you purchase three or more motors.
Regardless of the vendor from which I have purchased this motor, it has not come with bullet connectors attached or provided, so you will need to provide those. Also, the prop collets/adapters that are provided are often very cheaply made and I have found on occasion they won't tighten properly to ensure the prop is secured. We always recommend having some extra prop collets around for all our motors as they can bend easily from a prop strike and are nearly impossible to get straight again. It is also helpful to have a couple of the "X" motor mounts handy also, I have had motors arrive without these or missing some of the screws to mount them to the motor. You can find good sources to all these motor accessories on our recommended parts list.
With the Fasttech motor, we do not recommend using the prop saver collet and rubber band to secure your prop, given the very high RPM you will be seeing, it will cause the prop to vibrate and possibly come off in flight.
As I already mentioned, there are only two props I would recommend using with this motor, the two bladed 6x3 EMP or the three bladed 6x3x3 RC Timer carbon props. Any other props (6x4 APC for example) I have tried in the past make this motor run far too hot and in fact "bog" the motor down so it actually performs worse in the air.
It is very important that any prop you use with this motor, including the spares in your flight box are well balanced before using them. With the high RPM and power you will see with this motor, an unbalanced prop will be noisy, less effective and efficient and I have actually had the foam behind my motor mount crack from using an unbalanced prop on this motor.
Here are the bench test numbers for these two props.
6x3 EMP prop
50% throttle - 13.9A/173W producing 578 gr/20.4 oz of thrust;
100% throttle - 32.6A/379.1W producing 1098 gr/38.7 oz of thrust.
RC Timer 6x3x3 carbon prop
50% throttle - 12.2A/148.2W producing 488 gr/17.2 oz of thrust;
100% throttle - 32.5A/377W producing 990 gr/34.9 oz of thrust.
So how do these perform at the field? The two bladed 6x3 EMP does give a slight edge in pop and acceleration when I hammer the throttle and also gives a slight edge at top end speed, but it is loud. Here is a flight video of the Fasttech motor using the 6x3 EMP prop.
Although both the ESCs on our parts list have been tested with this motor, due to the high demands it will put on your 40A ESC, I would go with the Turnigy Plush ESC with this setup. It has a higher amp burst rating, dissipates heat a bit better than the RC Timer ESC and over the long term has been holding up for over hundreds and hundreds of flights.
Other than ensuring you set your throttle points, I wouldn't mess with any of the default settings, this motor likes low timing. You might see a bit more power from medium to high setting, but the motor will run a bit too hot and you might also see problems with the motor "missing" or "skipping" in flight.
Due to the higher amp draw of this motor, I normally get about five minute flights with a 2200 battery, regularly leaving me with 3.7V per cell after the flight. Obviously you could fly a bit longer if you want to, but I would be cautious not to push the battery to low voltage cutoff on too regular a basis if you want them to last a long time. You can use the lighter Zippy Compact 2200 battery on our parts list, but I would caution you to be careful with throttle management towards the end of the flight as the battery will be pushed hard to keep delivering full burst of power. If you want a lighter 2200 battery, I would try to find one with about 35C. You can also use the lighter 1600 and 1800 Mah batteries from our parts list, but again, I would be a bit more careful with throttle management, you would be pushing it to get five minute flights with those batteries due to the smaller "tank".
This motor setup is for the best speed of all our recommended setups, so it is important to keep your plane light but strong, I have found through experience that if the weight of the plane starts to creep up to and over about 23 oz/652 gr, the speed really starts to fall off and the motor does not seem to have the "grunt" for quick acceleration and speed.
If using Depron for the build or for vertical stabilizers and elevons, there is no need to put extra reinforcement in these areas of your plane like you might with an NTM 2700/3000 style motor. However, if using MPF or other more flexible foam, I would recommend extra reinforcement in the horizontal stabilizers and elevons and don't skimp on the wing reinforcement either, with the speeds you might see, doing any sort of high speed, high G maneuvers will test your wing strength at 80-90 mph.