Ethan … I feel that I know very little more than yourself but what I have gathered so far is that if you run the motors in series you will use less current, that if you gear down the motors likewise, If you run a motor on a voltage below its ‘rated’ voltage you use less current. I found quite a lot of useful info on the pamphlet which came with an Electrolize controller I bought.
My ignorance on the subject is becuase my models are of a size [40"] that will carry a 7.2Ah 12v battery which I use to power a 24volt motor salvaged out of old photocopying machines. I can run ‘all day’ and some with my set-up using a homemade old fashioned style Bobs Board controller which merely introduces a resistance [electrical] to slow the motor at low and medium speed. That wastes current but it doesn’t seem to matter.
My wife’s boat, scratchbuilt 500mm Puffer from MB plans of two or three decades ago, runs on little 1.2Ah batteries and a similar motor but the problem has been the propellor and having had to increase the pitch to get some speed [all it would do was a gentle ‘scale’ speed unlike all the other models wizzing around the pond] I have learnt that you should never connect a motor directly to the propellor the way I have been doing things to date.
Quite possibly I have some misconceptions above and somebody with some knowledge could correct me .. so far when I have tried to implement what the local experts tell me things have not been very successful [with regard to the Puffer]
When you want to know what a word means I find Wikipedia usually an easy to understand answer.