Hi there.
Just thinking aloud here, so please bear with me. I may well be wrong, and hopefully some one will tell me if I am!
Any way, here goes.
Scale speed of a model is determined by the wave pattern that the hull makes as it moves through the water, rather than the scale the model is built to. I haven't decided the scale I will build my boat to yet. at 2"=1' it will be a 30 odd footer, and at 4"=1' it will be 15 odd feet. At either scale the wave pattern will be the same, and at either scale she will be travelling at the same speed, and will look as if she is doing 25 knots.
I'm guessing here, but I would pick that the full sized version of your model would be 50 odd feet? At 30 knots a 50 footer would be fully planning, so the model would also have to be. 3 feet/sec = 180 feet/min x60 = 10,800 feet/hr , / 6040 feet ( a nautical mile?) =1.7 knts. (Gee I hope I've got this right) I don't think Your model will be fully planning at 1.7 knots. What ever the case, you are going to need enough power to get a 40 lb model fully planning, which may well take more than 1/3hp.
Forgive me for rambling on, even If I'm talking through a hole in my head, it's food for thought, if nothing else!
I'm really enjoying your build, your models going to be a cracker! Thanks for sharing.
Amy jane