Okay, I finally watched the film. I have a couple of comments for Waffle and Cobra.
First, Waffle's high yo-yos weren't really working out as well as he'd intended. I was watching his speed and alt in the film viewer, and at the end of each one of them he wound up slower than Cobra and a little bit closer in altitude. Had he continued with that strategy, Cobra would have equalized energy states by the time they hit the deck. Going aggressive near the end and maintaining a good position on Cobra was essential to winning or at least to starting out with an advantage in the scissors.
Cobra did very well for being in such a difficult position. I saw a few things I would have done differently in the scissors; at one point he rolled back into Waffle's guns after doing a nice job of dodging them on a previous reverse.
BTW, Shane, I think it's clear that Cobra has chosen the Tao of Shane.
-- Todd/Leviathn