Hi Paul and welcome to the forum.
MFA stopped producing hulls a good few years ago now, and I believe the Piranha went sometime before the end.
As far as I am aware it’s a bit of a “classic” and would have had a 540(?) of some sort installed as per instructions.
Really the worlds your oyster when it comes to choosing a motor, and there are no right or wrong solutions, just better or worse ones!. Not sure about the waterjet unit, it’s a lot of weight right at the stern of the boat, and the stern underwater shape may not be right. Obviously you could make one fit, but it would be a gamble as to how well it went.
Not a fast fast electric man myself, but 3000Kv is likely much too high, and something in the 1400-2K range may be more appropriate on a 3s….HOWEVER, hopefully somebody has or knows of a Piranha build and can properly advise.
Ashley