Sorry for the delay in answering, I had to go out this morning.
Malcolm, I understand what you were saying and I think the simplest thing to do, as you and Ray have suggested, is to reduce the prop size as a starting point and see how things progress.
Ray, thank you also for your similar suggestion. I weighed the boat just now with everything on board and it weighs in at 7.5 lbs, so it`s not quite a light weight. Apart from the boat itself, the next heavy bit is the battery, which is a 9.6 volt 5000mAh pack. The motor is a brushed Graupner 700Speed. I`ll have a look on the SLEC site for a prop. The prop I`ve just tried is a 43 mm plastic one by Octura. I`ve no idea what the pitch is. I bought it from a magazine advert back in the day without knowing anything about performance or power consumpton etc.
Your Cigarette looks the part. We used to go down to Swanage, on the cliff tops in the 1970`s, and watch the full size ones in the Cowes _Torquay- Cowes offshore races and they were impressive boats. Never saw Surfury race though, as it had stopped racing by then . I did go to the boat museum at Pitsea where it was on view , and took a load of photographs which I used when building the model.
Jim.