Absolutly! Dual cell that Mits and there won't be a single SE around that stands a snowballs chance. (hehe)
You could take it one step farther and make it direct drive by removing the transfer gear so the motor pinion drives the axle gear directly. Makes for a slower "off the line" but much higher top end. Try it. You will be impressed, and your friends will cry after spending $25 on a car that a $10 car will blow out of the water!