Since you beg the question, the F-16 can go straight up for a bit, but you'll be bleeding speed the whole time you do it because even clean the thrust to weight ratio is less than 1. To get vertical acceleration you need an F-15 A or C, or an old English Electric Lightning.
I thought of this shot more like that the pilot was bored to take those patrols all the time, so he posed his Viper for the wingman. Nothing tactical or dangerous, just an ordinary flight with some fun.
Thanks a lot!! To answer your question, the images arenīt 3D at all, only the models. So, you can use them as you like, I do the whole post processing in CS too. And yes, itīs worth the trouble to learn 3D, itīs quite amazing stuff!