BrandonBallard said:I ordered the Heli version, the only difference is the Heli version doesn't have a ratcheting throttle.
First to all, Phantom is not a helicopter is a quadropter. Look like a helicopter in some way but is not.
Now ... how I know are not more versions of same Futuba model (one for airplanes and one for helicopters). You can switch from menu what kind of machine want to use. Can use same Tx for a heli and a plane. Just save your settings in Tx memory and switch how you want.
About question what mode to choice to setup my TX .... choice plane

Whatch this video for details : http://www.youtube.com/watch?v=NJ8lkBwu_AY. Answer is after min 6:27.