The main difference with the lipo is that they have much better discharge rates for faster motors.
The difference between AA batteries and NIMH is that AA batteries don't have as good discharge rates either.
If u run say the 1400mah 9.6v batteries they will go much better than the standard AA 7.2 volt.
I made this little invention though
9.6 volt AA battery packs
It works quite well, but the acceleration still isn't as good as the 9.6 volt NIMH packs
http://miniinferno.zexxo.net/howto/8cellAA.html
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