It sounds like you've already settled on the 50-500mm, but in case you'd like to save $600 and don't need the wider end when shooting airshows, the 150-500mm is an option. For your pixel-peeping pleasure, I'm posting some images from my copy of the 150-500mm (including one of my own amazing cattail images!)
The pictures of the fence posts and cattails are at close-focus distances, and the pictures of the barn and silo are shot from several hundred feet away. Judging by Google maps satellite imagery, the silo is 600 feet away (180 meters) from my shooting location, and the barn is about 700 feet away (210 meters). The pictures were all shot handheld on my K-x, bracing my lens against my car door window frame. (I was in my work vehicle while testing the lens...)
Click on the images for the original full-size, uncropped 12MP image. (I did not post a larger version of the 18mm image). You can judge for yourself, but I find the lens to be impressively sharp at 500mm throughout most of the central region of the frame. I usually shoot with the lens stopped down, but the cattail image was shot wide open.