Thanks to all above who supplied very helpful advice.
The short answer is that I've got the boat up and running again and it's going very well indeed. Hurrah!
The long answer is as follows:
Update on my boat's progress.
1. I bought an MFA 540/1 motor as suggested, also an MFA 385 motor for my Revell 1:72 scale Corvette project which was also suggested on another thread. I was very impressed by the service from MFA/Como drills. I ordered online late one evening and received the motors, both boxed and well wrapped, the day after next, so they must have been sent as soon as they got the order.
2. The new and old motors had the same sized casings. Took the old motor out of the boat, it looked in a pretty ropey state. I installed the 540/1, lined it up with the coupling clamped solid. All fine, shaft turns very freely as does motor. Took my little clamp off.
3. When I had some more time and having oiled bearings, I tried running motor with firstly a 1.5 volt battery directly connected to motor wires then the 6v one the boat uses. Using an ammeter the motor drew 0.5 amp running free out of water on 1.5v and .8 amp on 6v. In the testing tank (aka bath) it pulled 1.9 amps. Now the old motor drew nearly 7 amps with boat in water so it seemed to me that it was going to be about 1/3 power but would run for much longer.
4. Having today off, headed for model boat lake. Whoopee! First of all used 6v 3.2 a/h lead acid battery. Everything checked, boat in water and set off. Very quiet, ballasting I'd tried on previous run seemd to work with boat sitting well in water. After my last experience with weed, I brought the boat back for checking regularly but apart from one occasion, didn't get any round prop.
5. After some minutes I tried a full speed run. On the previous outing it had run at a fast walking speed which looked about a scale speed. This time, perhaps a little slower, but I suspect the previous motor produced more power than the boat needed for max hull speed although the wash looked quite satisfying. Anyway, cruised up and down lake for 55 mins (battery had previously only lasted 25 mins or so). Taking note of advice on this forum not to run down lead acid batteries too far, I changed the battery for a 7.2 v 4.2 a/h 6 sub-c cell one. Motor was perhaps slightly warm at this stage but not much.
6. The top speed of the boat on 7.2 v was now a bit faster, definitely as fast as I could walk, say 4mph, looked good to me without being too fast for scale speed. For a displacement hull probably wouldn't go much faster anyway. Motor very controllable at slower speeds as well.
Regrettably Tescos shopping called (and car park ticket ran out) so it was time to go. But I'd had 1hr 10mins sailing with no problems, second battery capacity hardly touched and duration of run now increased dramatically.
Conclusions –
a) MFA 540/1 very good motor for this boat, runs silently, controllable and enough power on 7.2 v. It's rated at 6 – 15 v so working well within it's capacity for my purposes.
b) Using lower drain motor increased run times greatly, without losing performance (on 7.2v) for this size of boat. Fine with 35mm 3 bladed prop.
c) Didn't really need the higher power of the "generic" 545 motor I first used, but of course I didn't know that until it was tried out.
d) Now have good motor/battery spec for future models of similar size and type, and one that won't break the bank.
c) MFA very good supplier.
So thanks again for all the helpful advice about my first radio controlled boat. Won't be the last. Next time I'll try a longer session using the 7.2 v pack and just cruise around for as long as possible.
Cheers
M.