I agree that power output is limited by the engine type (should have read the first post more carefully!), so maybe speed isn't the best idea.
Given that higher speed is now ruled out, you are left with 2 options: wing area and changing the lift co-efficient. Wing area is limited span-wise, and increasing the chord too much increases drag and reduces controlability, so the chord musn't be too big. Angle of attack will undoubtably need to be a little higher, but given the low speed, the model will be in danger of stalling and I'm not sure how well the prop. will supplement any lift from a stalled wing, given that the plane is likely to be quite heavy! Too much camber will lead to the same, so really more than 1 wing providing lift seems to be a good idea.
I don't know much about biplanes, so I'm not sure if I'm right in saying that effective angle of attack is decreased in using them (due to downwash from the other wing, top or bottom)? There are of course 2 wings, so is the loss of lift here always more than countered, or under certain conditions, is there cause to be careful?
I hadn't realized the structural implications of a canard on a model aircraft. I just thought you could get the benefit of both extra lift and stability, whilst removing the tailplane. Unless the CoG is forward (which it usually is) of the CoP (basically put) when using a tailplane, you can have run away pitching - so you would need to find space in the front of model for the payload too. The canard would have allowed some flexibility here, because the CoG could move back a little.
One more thought, although the canard idea has probably been discarded, if you completely discard the tail (thus removing weight), you could sweep back the wings (and move them back at the same time) and give your model vertical surfaces on the wing tips (like on the Beech starship) - these would act as fins, and would reduce vortex drag. I do however realized the difficulties in implementing control surfaces on the fins!
I should add that my experience in model aircraft is less than limited, and I know owen knows quite a lot about it.