Colin, thanks for posting the photos and those in the link show the extreme hull form very well.
The cut line would be immediately along the top edge of the pale hull stripe, just above the waterline. The stripe is part of an armoured belt and stands proud of the hull surface, so a natural split point .Whilst running with electric power probably won't create much water pressure, heeling under sail might be another matter. Consequently I prefer the upstand to be as tall as possible – I work on the principle of if it can go wrong it will. Also this is not a model on could easily modify if there were problems.
Rudder servo, motor, esc and lipo will be in the lower hull, and probably the smoke unit as well.
Because I want control of jibs, square sails on all 3 masts and fore/aft sails on all 3 masts, there is a lot of gubbins to cram into the top half of the hull, which is pretty narrow due to the tumblehome. It just isn't possible to mount sail servos in the lower hull because it wouldn't be practical to connect/disconnect them.
Once the top and bottom hull sections are lifted apart – I would only need to unplug a single multi-pin connector for the radio, to free them.
To actually do any adjustments/repairs to the sail controls, I would invert the entire top hull/masts and hang it form a couple of rings protruding from the underside of the deck for that purpose. There simply isn't any other way to do it !
My experience with the schooner suggests that controlling more than one sail from one servo, creates problems and makes adjustments very difficult. My solution is to use one servo per mast of square sails (3), one servo for each fore and aft sail (3) and one for all the jibs(1). One servo for rudder and one channel for the motor ESC. 8 servos + ESC.
Being mainly a scale glider builder, I have an all singing, all dancing transmitter and that will allow individual adjustment of each servo. In turn, the load on each servo is much reduced, so I can use smaller. The lines for each sail control can then be far more direct and simpler.
However I'm drifting away from the issue of the upstand and whether to cast a GRP hull, go GEP/foam or build in wood and glass skin inside and outside.
Paul