I kinda missed the applicability to airships on this one. A jet tipped rotor ( mentioned above ) are usually 20 to 30 feet in diameter. Somewhat big for an ultralight. Jet tipped props have been investigated, but are esoteric enough to be out of our price range.
Notes:
1. The G8-2 is a multiple stage aspiration actuated ram jet. When it first came out it was among the worst of fuel hogs. The current website looks like they have made some improvements on this. The noise problem probably won't go away. Ram aspirated engines are not efficient, but they are cheap if you're good at welding stainless steels.
2. The cute little helicopter ( Dragonfly : http://www.peroxidepropulsion.com/) is Hydrogen Peroxide tip propelled. ( There seemed to be some confusion between tipjet.com and tipjetusa.com ) The last time I checked the Dragonfly comes to your house after you pay $120K bucks. Not affordable unless you sell your dog, your wife, and the best behaved kid out of your bunch. Never mind ..... 13'th amendment.
3. Unmentioned is the fact that as you expand propane, it cools off and the vapor pressure drops. Since the pressure is feeding your aspiration, this is bad. So you have to heat the pressurized propane liquid or provide some serious pumping past a heater without back flow or back pressure. ( Hear the scales creaking under all the weight?)
4. The faster you go, the more the dynamic pressure affects the envelope, the more you have to add structural weight to support the thrust vs drag stress on the ship. I don't get something for nothing , You don't get something for nothing.
Happy thinking!