Another suggestion would be to get hold of some copper brake pipe used on cars.
If there is room, wind a length spiral ways around the body of the motor.
Bore a hole in the keel just aft of the propeller blades.

The uptake can be made from the brake pipe by putting a tight bend in it and cutting off at the bend as shown, the opening will be a long oval shape.
Roughen the sides of the pipe with a sharp file and epoxy to the hull in the hole you have drilled for it as shown so that the oval opening faces the propeller.
A simple outlet can be made from the same brake pipe and epoxied through a support block epoxied to the inside of the hull.
When the motor is running, water will be force fed into the uptake, passing through a connecting tube to the coil around the motor and then out through another pipe to the outlet.
This constant steam of cold water will take the heat away from your motor

and keep it cool
This is a cheap way of doing it without buying fancy bits and does just as good a job
