Personally I don't like the "M" used as an inverted "W" - the IronMan Logo is supposed to suggest a human form with the "M" topped by the dot for a head. My Inverting the "M" for the "W" it's hard to read for me, and changes the intent of the original "M." I think etlsport is on the right track, however if the "W" is more like the existing font it would look better, in my opinion (I spent several years doing logo design for a graphic design company).

Moving parts of the lettering above the plane doesn't work for me either - your eye doesn't flow across the logo so it's not intuitive what the logo says. For the hood logo, if you're just modifying the existing logo that is an easy way to do it, however. If you're updating the side logos too, I don't think it would look right. I'm not trying to hurt anyone's feelings so don't take this the wrong way - just my personal opinion.

-- John