-Jim. For the brushed option, and if the hull is light I would agree with the 400 motor choice, but if you were to leave a bit of room behind the motors, a speed 480 (which is a bit longer) will be a straight replacement for a 400 and provide a bit more power if needed.
Do you have any batteries to start with ?? a 7.2V Nimh (the "standard" flat 6 pack) would be a starting point but obviously LiPo batteries are much lighter if more demanding with the charging and so on. The usual Mtronics Viper ESC will do, 20A perhaps, but if using Lipo you will need one of those small low voltage bleepers to monitor the battery voltage in the boat.
Brushless would be an option, a 28mm outrunner perhaps of 1200Kv or so as suggested by HS1, but two brushless ESC will be needed off a Y lead (has anyone tried two brushless motors off one ESC???)
Someone out there has built something v similar and needs to post asap with their motor combination!
Ashley