First of all, please let me join in the well-deserved praise of a very nice-looking and impressively built model!
When it comes to scale speed for the specific scale, of 1:24, a useful rule of thumb for veryfying that one's model travels at the right is to divide the full scale speed in knots by 10 — the resulting figure will be sufficiently close to the corresponding scale speed in metres per second!
To take the case of an MTB doing 42 knots full scale, the sqaure root of 24 = 4.898979485566356, which when used to divide 42 gives a scale speed in knots of 8.573214099741124 which in its turn is equal to 4.41044236 or, rounded off, 4.4 m/s — which I think is close enough for practical purposes to the rough approximation you would get from diviing 42 by 10, namely 4.2.
The advantages of this rough-and-ready method of calculating the scale speed at 1:24 in m/s are twofold: it is a very simple calculation that most anyone could do in his or her head, while a metres-per-second speed is much easier to verify at the pondside.
Alas! The division-by-ten rule only happens to work at 1:24, but in my view it is nevertheless quite useful to convert the scale speed from knots to metres per second when checking how fast the model is travelling over the water, as this lets one work with distances and lapses of time more easilly established and measured at the pond than nautical miles and hours …
/Mattias