Thanks for the response e-lmer.
I believe you're right as far as the advantage of regen in terms of efficiency.
I am looking at it as a brake-assist. Especially with the trailer which can be loaded up to 70 lbs, that would be useful. I've noticed on my Bionx setup, that the regen is such an effective brake, I hardly use the manual brakes.
With the outrunner motors, the only controllers which people have used are the R/C controllers (like Castle Creations), all of which don't have regen. So, if you have experience with any regen-capable controller, I'd like to hear about it.
Sri