Hi Matt,
I take it your motors are still the 700 BB 9.6V ones. The spreadsheet I have shows your motors to be trying to drive the boat at 50 knots scale speed, which the hull is not designed for, so the motors are probably operating on the wrong side of the power curve and cooking.
The 700 BB 12V motors have a lower speed than the 9.6V ones, so if you were to switch to those at 12V with 40mm props you should be back close to the design conditions, but with cooler motors than the Speed 600 Ecos. Using these with 35mm props would be even cooler and longer lasting, still at a respectable 28 knots scale.
Alternatively, if you keep the 700 BB 9.6V motors, going back to 9.6V packs and switching to 30mm standard pitch props should get you 30 knots scale speed which would be quite manageable.
I guess it all depends on what you want – a good scale speed with long battery life, or impressive haring around the pond on the plane for a shorter time.