As for using reverse to slow down. I don't know how well that would work. It seems that may cause issues but I really don't know. Maybe Alan can enlighten us on that one.
I would be slightly hesitant to actually try it out in case it did cause damage to the controller, as I envisage it would be akin to forcing a stalled motor to turn in the wrong direction.
Whilst it might be OK at slow speeds, I'm not so sure it would be a good idea braking quickly from higher speeds.
I just don't like the thought of rolling a bike backwards at speed down a steep hill and then trying to stop it by only applying the throttle.
Most motor controllers for R/C cars have an inbuilt motor braking function, but I suspect it works differently to simply applying the throttle in reverse.
I wonder if it's possible to use a R/C car brushless/sensorless motor controller:
The controller could easily be operated by a conventional RF Tx/Rx instead of Bluetooth.
A working current of 200A and a burst current of 1000A sounds pretty good to me, and could be a whole lot of fun in conjunction with a Magic Pie!
In fact, I could almost be tempted to try one of these controllers just to find out whether it would actually work.
It would be interesting to find out what the Magic Pie's maximum rpm would be using this controller and an 8S LiPo pack.
Alan