Assuming that they are intended to go like fishing boats, something like a 540LM, or a 545, run on about 3/4 the volts on the label driving a prop about the same diameter as the motor can.
A heavy SLA battery helps with ballast, on the other hand a lighter battery such as a NiMh lets you put the ballast where it is needed and gives more opportunity to choose the voltage that you prefer.
Building heavy is not always the best option – there was a case in one of the magazines many years ago where the builder had a fixation with ultimate strength. He was upset when he found that it floated below water line before any working bits were added, and that rather than a working model, he had a rather nice display only one.
Edited By Malcolm Frary on 04/03/2021 17:29:28