Its Question and answer time again 
Bob
We need to exploit the artist`s licence for my suggestions to work!
The original instruction was for a scale model so artistic licence is out.
Chunky pivot area, as large as the motors, to house the pulleys, with boxy legs to house the Brushless motors and batteries
See the above answer
We can`t make a scale model, but we can adopt the features of pivoting legs, contra props and space age shape
We can make a scale model using the design features that I have already worked out, the model will perform exactly as its full size parent. We cant make a scale model using the design constraints that you seem hell bent on using.
The pivot mechanism could be a screw thread driving a rotating nut on an arm with about 45 degrees of movement
This is a good idea and might be better than my plan to use twin heavy duty servos
Say a 40" hull with a hull 12" wide x 8" deep
Thank you for the dimension request unfortunately due to the constraints of scale we can only adopt one of your proposed dimensions…….I would suggest that we explore the 40" as an overall length and see how the rest of the model scales to this length.
10" radius legs with the sponsons….4" dia x 30" long.
If we are working to an overall length of 40" then these dimensions will become evident as the 'scale' model is drawn up and detailed.
One normal propshaft inside a tube with a second prop fixed to the tube
This is another good idea and might prove more cost effective than my gearbox proposal
One pulley for the propshaft and one for the tube
As above
This would be my starting spec
A specification……..be careful Bob or people will think you know what you are doing
Any good?
Some of this is good and some is just 'pie in the sky' as you are fond of saying
With the space age Brutus style, it may look ok?
The parent boat does have a unique style and is proving to be a challenging subject
Just thinking out loud and can`t really get down to the nitty gritty till the VGC is finished, but once we agree on the design, I`ll work with you
I like your thinking aloud even if it is done in crayon 