That is a nice plan. However, it does use a very common track configuration on the crossovers that has a few problems. I would modify the two crossovers to make the space between them longer (bigger passing siding) and no S-curves as thus:
As the designer of the HO 4X8 plan in question, I'll respectfully disagree. While your modification does remove all s-curves, the original version using #6 turnouts has only very gentle s-curves relative to the minimum radius. It's been built a couple of times as drawn by folks who had no problems with it. Folks have told me that the traditional crossovers look more "railroady", but that's in the eye of the beholder, of course.
As drawn, the plan calls for a nominal 48 feet of flex track, but as others noted, most folks find that they need about 5-10% more than the nominal amount in a small layout to allow for cutting pieces to length, do-overs, etc.