Ernest, you pretty much said it all.
Let me just add a few thing.
Since you have pretty much everything double, so are possible failure sources.
Why counter rotating propellers? Is there a power density issue?
Would have to spend millions and millions to getting that into the air.
I have been there done that at a much simpler scale, with just one rotor, all the way to safely fly it in my 700lb airplane.
There is a lot more to it!
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An aero-engineer on the VANS Alternative Engine list posted his dream project on creating a Twin Pack single rotor to put in an RV-8. Some very creative thinking to bring it along this far IMO!
https://www.youtube.com/watch?v=kMxJ7G-lRhk