Trevor, I dont think youi will have any trouble with this to worry about it, as long as the jet impeller is below surface level all should be ok.
If you are making your "normal" balsa hull(s) arrangement, then a plan might be to make the hulls first, seal them with sanding sealer and then carry out a float test ballasted with your running ger and see where the level is. Obv you dont want to have to ballast up to acheive the required depth, so slimming the hull(s) could be used instead to get a higher waterline..not so much of a problem at an early stage of construction.
i was wondering if a self bailing system could be used, a compartment open to the water (at the rear) that empties under the affect of acceleration and boat attitude..? has weight at the start, where you need to dig the drive in, and lightens progressivly as you get going.. is this an idea or just rubbish??
Ashley