You're welcome MF
Out of interest, what colour are the spark plug electrodes? And how long does it take to come to temperature on the temp gauge?
The water temp sensor controls the enrichment system - therefore if the thermostat is stuck, the fuel consumption will go up significantly.
Definitely a good idea to check the O2 sensor. Or even the voltages at the injectors. It isn't always immediately clear how much more fuel is required in those upper rev ranges.
For example, I remember seeing a old Gemini (TC or TD) that had the fuel lines crossed, and the return was being used as the supply. Started great, ran fine, until you got over 3/4 throttle - it would simply die.
Looks like a nice laser, lots of them came in the reds and yellows. The silver and the alloys really makes the model look good in my opinion.