Thanks for the replies Mike, Ashley and Bruce. All most useful and appreciated.
I have 2 comments.
1. Ok, I will have to come clean! The application I am talking about is an electric powered glider. So water coolling is out (but see 2. below). I will buy the motor and ESC first, followed by the LiPo battery.
2. I have recently been able to instal a water cooling coil in a Vosper RTTL with a speed 540. I have had the alluminium tube for some time but was not able to coil it without kinking. Only recently have I borrowed bending springs and the result is fantastic. Now to try it out. When I can figure out how to attach a photo to this forum I will post a photo.
Happy sailing.
Brian