The FAA Chief Counsel has an opinion on this:
Thank you. Here is the full text of the letter:
JUN. 11, 1980
Mr. Ross Nye
Flight Safety International
Greater Wilmington Airport
Wilmington, Delaware 19850
Dear Mr. Nye:
This letter is in response to your letter of March 25, 1980, requesting a legal opinion concerning whether, for purposes of FAR Sec. 91.71, steep turns (45 deg.. - 60 deg.. of bank), approaches to stalls, stalls, unusual attitudes for the purpose of demonstrating recovery procedures with angles of pitch not to exceed 30 deg.. and angles of bank not to exceed 60 deg.., and emergency descents with angles of pitch not exceed 30 deg.. constitute acrobatic flight when performed during the course of initial pilot training or pilot proficiency training.
Intentionally executing a maneuver in an aircraft that exceeds 60 deg.. of bank relative to the horizon or 30 deg.. nose-up or nose-down relative to the horizon is not the standard by which acrobatic flight is defined for purposes of FAR Sec. 91.71, as recognized by the Preamble to Amendment 91-65 to Title 14 of Code of Federal Regulations (FAR Part 91). FAR Sec. 91.71 defines "acrobatic flight" as follows:
"For the purposes of this section, acrobatic flight means an intentional maneuver involving an abrupt change in an aircraft's attitude, an abnormal attitude, or abnormal acceleration, not necessary for normal flight."
This opinion is limited to the maneuvers described in the first paragraph of this letter, when those maneuvers are smoothly executed and, therefore, do not involve an abrupt change in an aircraft's attitude.
The above-referenced maneuvers do not fall into any category involving "an abnormal attitude, or abnormal acceleration, not necessary for normal flight," because the attitudes and accelerations involved are incident to and necessary for normal training flights and training flights are in fact normal flights. The maneuvers at issue do not constitute acrobatic flight for the purpose of FAR Sec. 91.71.
Sincerely,
EDWARD P. FABERMAN
Acting Assistant Chief Counsel
Regulations and Enforcement Division