Given that this may be the first boat you have built u are giving yourself a lot of headaches before you even start best bet is to buy a new or 2nd hand model IC engine they tend to be more reliable easier to tune ( stimmer engines some of the cheap ones don't allow for idle speed tuning (since there set for the equipment on the end of them already) some also wont allow leaning or riching the mixture for better rpm, and basically there a nightmare to start sometimes giving there pull starts.. imagine large stiff engine trying to turn over.. huge pull yank the whole engine out of its mount .. I'VE SEEN THAT.
you will find that proper model ic engines will go the job just as well
also u should remember that stimmer engines will not have the head connector to allow you to water cool them which u should look at in ic engines finding a new cylinerhead with the water intakes on a strimmer engine can be a nightmare to track down.
many rc Ic engines have prebuilt water intakes ( if you buy a marine IC engine)
http://www.sussex-model-centre.co.uk/shopdisplayproducts.asp?id=65&cat=OS+IC+Enginesnew ic engines size 12 are around the 60-70 quid mark 15-18 around the 100-120 and 21-28 are anywhere up to a few hundred pounds.
you should decide first out type of boat your building.
is it a racer? cruiser,? or one of those fancy power boats ? be aware that all ic engines go like the clappers even the little ones can move a boat EXTREAMLY quickly across the water on a single 40mm prop (check rpm)
some real advice... do some research on engines and there needs, look for replacement parts readily available and remember this is your first boat so don't get over ambitious keep it simple
find a boat plan of a hull .. start with that. the superstructure can be your own design but better to start with a plan of a hull similar to what you have in your mind making a hull up as you go along could be quite risky..
hope it helps
prophet