Brian
I think in all fairness that you are over-reacting a touch ref the water-proof requirements of model boat electronics. You are, after all, intending the model to float and to run with the water on the outside of the hull! If a speed controller has water-cooling pipes then make sure that the flexible pipes you use to connect them to the scoop and outlet are a good tight fit. Also ensure there is a decent coaming all round the radio access "hole" in the deck, and don't mount anything electrical directly onto the bottom of the hull. It's only common sense.
If you are really intent on having fully waterproofed ESCs, servos and receivers then you are going to have a hard time buying equipment. None of our ESCs are waterproof and yet I can't recall having to fix any with water-damage, save those which had been fully submerged when the model sank (and that's maybe half a dozen in five years). Trust me – if you really feel that you need that level of protection then you've clearly little confidence in your building ability.
As regards speed controllers sold with ridiculous claims for continuous current rating (e.g. 150Amps), my only comment would be that sometimes you don't get what you pay for. Buy cheap = buy twice. Silicone? If I had a speed controller sent back which was slathered in this crud then I wouldn’t be able to work on it – warranty or not – so please don't do it.
Dave M
Edited By Dave Milbourn on 29/05/2012 18:44:23