I'm not sure what the dimensions of the .target are, however here is a bit of usefull info for you.
Using the default gunsight and another fighter as your target (EG P51 works great as the target for reference), when the target aircraft fills the width of the gunsight, it is pretty close to 300 yds from you.
By this I mean that when the wingspan of the target aircraft (P51 say) equals the width of the gunsight.
What this does for you is give you a visual reference to distance. As long as you know that, at that reference point the target is 300 yds distant, it will help you figure out where to set your convergence to fit your shooting profile.
Most of the fighters fall into roughly the same size/shape and fit this profile pretty easily.
Larger aircraft (IE bombers) wont fit this profile, however they tend to fill the windscreen fairly rapidly anyway.
Hope this helps a bit.
Cheers,
RTR