LA5 and LA7 basically the same in feul consumption, so this works for both. Here's all my findings:
LA has aprox 20-25 mins of fuel @ 100%. The level speed is about 350mph.
Cut RPM's back to 1800, and look at it... You'll maintain a speed in excess of 225mph AND have over 80 mins of fly time. The higher you get, the easier on the engine, and you can actually see your time go UP. I've proven this on many missions with Falcon23 and thndrEGG. We go 4-5 sectors to target, climbing with bombers to 20k, fight, and return home. When I land, I have fuel to spare, while not much, it gets me home. OH to those who are going to comment on this.. I do max my speed when in combat.. better to save my life than my fuel.
Also, to ensure good alt/speed/fuel when getting to a target that is close, upon take off, go level, set speed to 275, then auto climb when you hit 275. You'll hold a climb rate of about 2.5k and still scream over there. at 300mph you maintain 1.4k and so on. LA's might be usable by all, but most have no clue about how to truly use them.