I flew the Trex 500 today with the Revo board and nothing bad happened. The handling seemed, if anything, a bit sluggish, but I had my heavier flybar paddles on it too. The Revo board definitely takes some of the work out of hovering. I flew in close for maybe 5-6 minutes, then took the heli out over the field and did a couple figure 8's it, which went well.
Frankly, I can't see much difference in the way the Trex 500 handles in forward flight. In hover, the board does its job very well. I don't fly 3D and mostly like scale and some sport flying. So anyway, it works and no unpleasant surprises. Next flight I will try some PID tuning, as right now I have gains quite low.
Yes, I could convert to FBL head, but why? Flybar is like power steering on the cyclic and takes a lot of load off the servos. IMO the only thing FBL and DFC is good for is smack 3D because they're quicker. My 500 flybar will fly for 20 minutes with a 6S 3300 65C in it if I keep the headspeed down to 2,100. If I'd drop to a 4S 10,000 so the motor and ESC could run a little more efficient at higher throttle curve I could probalby get 25 minutes out of it in normal flying. With the 6S my throttle curve is only 45% power at mid-stick and goes flat at 55% and max 9 deg collective.
So anyway, it works. Next nice day I'll do a little tuning but the way it worked out of the box was actually pretty impressive :-)