So further update on the Goblin 500 issue hunt:
Did a few test flights today.
Flight 1: Turned up log resolution, flew a 1/3 of a battery doing staged head speeds and low impact maneuvers (hovering, slow flips and rolls, long pitch climbs and dives). Log started off with low current (<20A), then when I did a pitch up climb it spiked up to 140Aish and came down to around 100A and more or less stayed in the 80-120A range the rest of the flight. Even when I returned to low head speed and hovering for a solid minute. Very odd. Again, battery use was as expected.
Flight 2: Changed motor timing to Low and redid flight test. Same results.
Flight 3: Changed motor timing back to normal and setup a flight bank in the Ikon where governor is defeated. Setup a throttle curve on idle up 2 with a V curve (100-90-80-90-100). Same flight (little shorter as I was nearing the end of the pack at this point, despite low impact flights). Checked the logs, current was totally under control (spikes up to 100A but returning back to the 20ishA range after the load eased up). Huh...
Flight 4: Gov back on for all modes, but I tweaked the gov gain from the default 50 down to 30. Current was better behaved for a longer time this time, but once I started in on the pitch climb, it shot up again and stayed high like in the prior flights. Also, I did some high agility flying on this toward the middle ofthe pack. Started with low head speed, high agility, but the load hit was nearly stalling the motor from the sounds of things. So I kicked it up to eidle up 2 (2100ish RPM) and lo and behold, the same cutout occured that started me on this journey. This time I was just doing flips and rolls, no tic tocs. It was about 20ft up when it cut out. Managed to land it with no damage this time. Checked for damage, then spun it back up again. Took off no problems.
I'm really at a loss as to what is going on here. I'm going to check the main power wiring to make sure it isn't in a near-short somewhere. Also going to take a look at some Ikon default gov settings to make sure my other gain settings didn't get out of whack somehow.
Wishing I had some way to independently verify the current draw of this thing. I have a sneaking suspicion that the ESC has something wrong with it.