HI Marcus
Looking at the photo that looks to be a very specialised racing boat, Tunnel hull, made or at least reinforced with kevlar.
I would say go for powerful Brushless motors, 1100ish kva, 700watts. each giving about 1bhp, that hull will fly with decent lipo's
Have you given any thought to joining a club, build help as well as somewhere to sail it
Hope this helps
Mark