Andrew
I'm a little puzzled at the answer you seem to want to hear. Your question changes tack halfway through. Here are a few indisputable facts:
Yes – replacing the motor with a brushless one will mean you having to replace the speed controller as well.
Yes – that is going to be more expensive than simply replacing the motor with another Torpedo 850.
No – the model will not be 'totally uncontrollable' provided that you choose the right combination of brushless motor, speed controller and batteries.
A good Irvine 61ABC 'on song' puts out around 1.7 BHP (1.25Kw). Ashley is exaggerating with his 25Kw value (33.5BHP), but I think we all know that already.
Suit yourself – it's your money, m'duck. IMHO the only use for a Torpedo 850 is as ballast…
DM
Edited By Dave Milbourn on 03/01/2017 17:37:16