5lbs for a Topspeed with the OS outboard is about average weight for the stock configuration, lighter is not always better, the trick is to get the boat fast, but it still has to stay on the water. To lite and the boat will blow off at speed.
On the radio box and CG, if your hull is handleing good and your radio box is sealed and not flexing, (Both of mine were very flexy and did not seal well at all, the ABS was to thin, later models they may have changed) leave it alone and run it as is. The speed strips will get ya going a little faster, try some prop switching, Prather 215, Octura X440 work great on a Topspeed.
Gene ;D