Based on personal experience with my RCT800 design.... you will notice excessive wobble of the airframe in even very light breezes when using undersized motors.
It may be possible to fine tune the PID loops to get rid of that but I was not able to with my existing payload, i.e., GoPro and S800 landing gear.
I started out with Turnigy Multistar 4822- 690KV motors and 4S batteries....... but when I switched up to Turnigy Multistar 4830 - 480kv motors and 6S batteries, all those issues disappeared.
It is my opinion that longer MR arms allows for additional rotational momentum in light breezes that cannot be overcome with undersized motors, i.e., more speed has to be provided more quickly for horizontal stability to be maintained....... and motors without the needed torque cannot provide the required speed increase rapidly enough if at all.
Also I am now using 15 inch diameter carbon fiber props. Two 6S - 5000 maH in parallel provides me with over 15 minutes of flight time with the S800 landing gear and GoPro3 mounted on a small aluminum brushless gimbal system c/w 5.8Ghz video downlink FPV system.
Do you guys think this set up would lift 1kg?
RCT800
6 x 900KV motors
30A ESCs
4S lipo
Basically I want to make a 'cheap' heavy lift. Its needs to lift 900-1000g.
I really wanted to make a quad but this looks like a good cheap option.
Any input welcome 
Thanks
Doug