What didn't go to plan is that the twin motors are water cooled (by adding cooling coils to the Graupner 600 motors) and there is no flow of water at all.
The brass pick-up is in front of the rudder and should scoop up water which passes through the coils and out at the side (shown just above the 'Z3' markings in the photo). This was really just for show as the motors already have fans in the back and don't get that hot. Indeed just the extra heatsink effect of the coils helps more than the water.
So I hunted around this afternoon and added a small pump which now sucks in the water, through the coils and out the side using a Turnigy RC switch connected to the AUX channel. This channel is mapped a button on the DX3R transmitter – press once it comes on, press again and it is off. Tested in the pond and it looks good.
Next I need to buy some lead weights – luckily there is a shop near where I live so I'll visit tomorrow after work.