OK. I think from my previous Googling that the motor shaft diameter was 5mm which is a standard size.
For decent performance from my Fairey sports cruisers (single hull) I aim for around 12k. rpm unloaded as you need around 10k. rpm unloaded to run well on the plane though in reality I'm probably running at lower than that. So as yours is a race boat type hull I'd base it on say 20k. rpm unloaded, unless you want manic performance which may bring problems as regards the motor getting too hot?
So at 20k. rpm and running at 4S (14.8volts) you are looking at a kV of around 1350 which isn't that high so no problem there.
If you look at the Noahs Ark RC website they do a number of suitable motors. One that fits the bill is the SSS 3660/2070kV which will give you a few more revs.
I don't watercool my builds as I don't run at continous high speeds and vary the speeds. If you intend to run laps at continuous high speed you might have a problem. Trouble is outboards are difficult to watercool as ideally the water inlet needs to be behind the prop and it all looks a bit messy. It can work with the inlet on the hull though, especially on a fast model. Good thing with inrunner motors is you can fit a water jacket.