Joc, sounds to me like the CT is very close to what you want. If you can just get used to taking weeklong turns in settings you may not be particularly crazy about, it can be a real blast when your favorite setting rolls around.
I find the reduced radar/icon settings aren't as big an issue as one might think from the BB discussions; its easy to find a fight and you get used to the more restricted icon settings in time.
One problem with Axis/Allies settings usually is side-balancing, but the guys in the CT generally will switch sides to keep the balance reasonable. Its not perfect, but this group of guys makes more of an effort to keep the sides balanced than I've seen elsewhere.
As far as the restricted planeset, its up to you to decide whether that disadvantage outweighs all the other things the CT offers that you want. I don't think the plan for AH2 includes the exact kind of arena you're hoping for, but the CT isn't far off the mark, IMO.