Peter, did you see the response to this in the cooling thread? Brilliant reply.
On the cooling water aspect it still needs to 'dribble out' even when the boat is stationary so you can't use prop-wash or the high pressure area over the props then. Try a windscreen washer pump with a resistor in the line to drop the voltage to around 2. It pulls nothing by way of amps and just leave it running. When the boat moves and props start up, then the HP area can be exploited and the water will come out in almost direct proportion to the RPM.
I have just bought a 10cell 13000mA battery for the Severn and it will run the out runners you have for ages, even going fast! (Actually the Severn uses Emax BL40 30's) There is no need to worry about cooling the motors. After an hour of batting around they are only warm, they are very efficient. Cooling an outrunner though? Mmmmmmm, have to think about that.