Lovely, since I know you're preparing for the contest, Red is a JPEG B#TCH, It turns out grainy and ugly really fast. The Key is saving the shot in at the highest amount of coloring and then see how it turned out. Now as Harold said, abut manouvering.The Red Gmax 4 pack you have there does manouver with the use of the Flaps among others, If I remember correctly.. Maybe you could try out all those manouvers in a recorded flight a play a little bit with them.
I know that that formation maneuvers, but the problem is that I am also using the DSB Typhoon in a red arrows livery (which is freeware) in that shot, and getting them lined up right in straight and level flight was a nightmare using slew mode - so I can't imagine what it would be like to do it halfway through a maneuver. I may well give it a shot though - look out for that one.
I'm currently on the hunt for a blue Angels F-18 - I've found a suitable one but at the moment the SimV servers don't seem to want to let me download it - I'll try again later.