Some guidance from the Flight Captain set me on the right path for safely handling the LiPo battery and channel selection so that the throttle and rudder controls could work. Still dealing with the problem of the propeller running backwards. The instructions say to merely swap any two of the three wires between the motor and the ESP, but I'm not confident in doing this until I can get additional confirmation that this won't short the battery out.
Lithium Polymer batteries require a great deal more care and attention that their older cousins, NiCad and Nickle Metal Hydride. The main concern is to not allow them to discharge any more than 20% of their max charge. To do so will permanently damage the battery. The ESC manages the 'low voltage cutoff threashold' and detects the the battery's voltage at any time and if the voltage is lower than the threashold for 2 seconds, the output power will be reduced by 50%. Recharging before further use is mandatory for continued safe battery operation.

