Yes, the NiMh chassis can be converted to Lipo quite easily - just done it to mine (using a Demon 5035 Lipo)...you need a Lipo strap, some nuts & bolts, a front belt roller, something to space out the servo a bit (unless you're running a shallow one) and a bit of filing on the chassis and you're done!
I'm also running the Atomic Carbon "Lipo friendly" top-deck and it results in quite a flexi set-up which may or may not suit your preference/tracks raced on.
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If it ain't 200+ bhp it ain't worth it
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