So the UBEC is used to reduce the voltage from 7V2 (RC Car Battery) to 5V,
Explanation of UBEC
Wiring it: I'd find the connector for the battery and add the UBEC High voltage side directly to the same terminals (solder on?), the 5V side should feed your Servo Board and Pi (ideally feed the servo board with link removed and then continue the same 5V supply into the Pi micro USB, so that the Pi's polyfuse is still protecting the Pi.
from servo board manual.
Power: RPi powered via micro-USB, Servos powered via connected ESC/BEC.
Jumper: No jumper!
Note: RPi is driven from micro-USB, servos are driven from ESC's BEC.
Power: RPi and servos powered via connected ESC/BEC. (BEC must be 5V stable)
Jumper: Between 1 and 2.
Note: Do not connect micro-USB!
Note: the UBEC I mentioned is untested by me, I have one on order but I am planning to test it thoroughly before trusting it with my Pi.
Edit: Passed Test, I'm happy with this UBEC.
I'm looking at
this manual,and it's pretty useless as a manual, hopefully you have a better one with your model.
The motor speed (forward and backward is handled by the electronic speed control (ESC), this may be integrated with the radio gear (bad for you) or separate (hurrah!) if it is separate then you can disconnect the radio gear and connect the ESC to the servo board (need details of the ESC to check how easy it is to connect).
If the ESC is integrated with the radio receiver then you will need a new ESC as well.
The last RC car I had (25+ years ago) had a servo driven resistor board for speed control, I don't think they use these anymore

Doug.
Building Management Systems Engineer.