G'day Keith,
I have a good friend who collect TRex's. He has a 600 (nitro), 500, and some smaller ones. Just last week he was close to purchasing a flybarless head and the AR7200 gear.
That is one issue, and should give you a very impressive looking and performing heli.
As for starting a UAV project. I to started on one a couple of years back when my friend first acquired his TRex500. It was PIC32 based with an entire suite of sensors, and included WiFi. Unfortunately such a grand undertaking, almost exclusively, led to a lot of learning, but nothing that would ever 'go to air'.
With the MatrixPilot projects release of UDB4, featuring a half decent dsPIC33 processor (as opposed to their earlier pretty archaic dsPIC30 based UDB3, which I was never interested in), I finally decided to jump ship, abandon my own design for now, and join the MatrixPilot *team*.
I am still to mount a device to a helicopter (but it's coming) however in the meantime have choosen the simpler route of using cheap foam airplanes. I would seriously suggest you consider following a similar path as in the early days of UAV development, you can expect more than a few surprises, and with TRex airframes, the cost of these surprises may become significant.
The MatrixPilot software and UDB4 hardware currently offers everything you will need to get a big headstart with a UAV heli, is available now, and should come in around $200-$300 for a complete set of 'bits'.
Best wishes, Robert.