Seriously check it out before you even apply. If you don't know the answer to this question, then I suggest you go to one of the open houses. It's not quite the magnet program you might think it is. Magnet kids are taught along side other TP kids. The kids are still taught curriculum 2.0, same as at any MCP ES. My take away from the meeting I attended was: if your child does not have an intellectual peer group at his/her current school, then this might be the school for you. The peer group might only be 2-3 kids in his/her class, but that is enough. When I looked at our home school, I knew that DD had enough of a peer group that there was no need to take her 40 minutes away from her home to a school where she would be a "commuter".
Also, note that TPES lost its Title 1 designation and now has higher class sizes. I think it's still a Farms school so 1st grade could have up to 21 kids, vs the non-FARMS school with up to 28/class.