4S LiPo is 14.4V nominal and 27000rpm unloaded is pretty much OK for a surface piercing prop, maybe a bit high but nothing too bad as long as your prop protrudes far enough behind the hulls.
Racing cats routinely run at these RPMs and Hydros even go up to the 32000's – although that tends to be pretty much the limit for most props; a little jump or a leaf in the water will be enough to snap off one or more blades.
Note that at these RPM's you will need a well balanced fixed coupling between motor and propshaft; a cardan coupling will simply explode when loaded.
The 16V Gareth is referring to is "gone" after the first blip on the throttle stick, dropping to the 14.4V nominal. I'd say you should be fine but once again make sure the props are running about 10% of the hull's length behind the hull and the shafts should be as horizontal as possible. Take a look at the fast electric racers how they set up this kind of stuff.
And indeed; exciting will be the name of the game here, and that is great!