Very interesting. Looks a bit like the Italian (sort of) sidewall hovercraft job, a 20s thing if I remember right.
With that very flat front slamming would have been bad in any sort of weather. As a model I should think it would be a goer, but with all that lifting power at the bow keeping the nose down would be an issue.
The Seagull looks very small for a torpedo boat, again, wot about the bad weather useability of it?
Ashley