Enough is enough.
Lets get back to talking about WHY a plane is automatically going to perform better because it is lighter.
Well first off you get to have a whole host of ways to setup your motor.
Heavier planes tend to demand certain type of engine run. Needing more out of the hard corners.
Second you can fly it at a variety of speeds and still have very good performance.
Heavier planes tend to hold you into a tighter lap time area. However with the newer motors on the market I have seen 70oz Impact at 5.8 laps on 70' lines fly pretty darn good.
However there are couple of drawbacks.
First off building ultra light is really pains takingly slow.
The structure will suffer a bit. A BIG bit if you(general Joe Flyer) doesnt know what and where to save weight.
If it is too light in certain areas the paint job can actually warp the model at the end of the build.(see it happen, no fun)
Extremely light models dont penetrate as well in the wind either. There just isnt that much energy. Lots of out thrust is used to combat this (See Chinese and their 48ozers. with 6 degrees of engine offset!) Build a model this large in the 48oz range and you might travel this road. I am not saying you will but you might.
Having said all of that I guess it really comes down to what you like. Just as you said. However you might get it heavy according to you(normal weight for others) and find out trimming it for ALL conditions to be a much easier thing to do. It will be alot less touchy on how you set it up from weather to weather.
You keep on talking about Bill's planes. Well I know alot about Bill's planes. I dont know if I know more than you about them but I know alot. How do I know? I have had the pleasure of working with and becoming great friends with Bob Gieseke ever since the first day I got into this hobby. This man can build a stunt plane lighter than anyone on this planet BAR NONE! Billy just happens to be one of his best friends. I think they flew on 8 world teams together. Anyway he has taught me the ways of building light and strong and I can do it repeatedly and with precision.
I built a Gieseke Bear 685sqrs at 52oz new. Yeah it kicked #####, still does! I built it's bigger brother 714sqrs using a Geo Bolt wing at 58.75oz, not the lightest but light enough, and it landed me in the Top 5 at 02 Nats. I am not trying to brag just showing you that I have done my research AND practiced it! However I flew Windy's MAII at 70oz and it was a dream. Mike Scott 2000 Adv Champ built the Same Geo Bolt Bear that I built at 70oz and I flew it for a week and I felt I had it just as good as mine. The whole design dictates whether you need it really light or not. Planes that carry a 25% tail, with a moderately thick airfoil dont have to be insanely light to perform or even WIN the NATS! Just check Ted Fancher's Purple People Eater, 66 I think at only 630 active sqr inches. The tail and the wing work together to carry the model. If the tail is large enough it will make the heavy model turn and you wont know it was heavy. When I was building Gieseke Bears only they had to weigh less than 54, this was said so by the master himself(5 time Nats champ and 1 time WC) This was due to the 18-19.5% tail section and relatively thin airfoil, sharp leading edge I might add. The tail section will not be strong enough to support the plane during hard coners. It will stall. Get a slightly larger tail on the same plane and add three oz and it will make those turns. How do I know this? Guess. You are building a plane that does not demand it be built as light as possible to perform as best as possible. Further more building TOO light, not done very often I might add, will add another whole set of trim issues.
In days of old building ultra light was like a badge of honor. I fully understand and can complete the task in that order. As I often brag to my buddies when I build one really light. I am advocate of building as light as possible myslef. But once the builder can build light and straight going for a target weight is what should be done for the best ALL around performance. As the power is more available and usable power goes up building to a target weight becomes more the norm. Kind of like real airplane designers do. They have a set of parameters and go for a specific range for the best performance. They get there through research.
You might want to do a little research yourself before you just make a planket statement.