Hi Whiskey,
Look here because you have two similar in your esc and they are blocking your motor.....
http://www.farnell.com/datasheets/33634.pdfWhich protection mechanism in the list below tells me your test bulb was 230 volt or came out the trash bin?
I'll bet if you tried a 12 volt headlamp bulb the result would have been different ...it would have proved your esc was
I was on the case from the beginning but you gave a bum steer with the result of the bulb test.
Here's the list from that link if you have an aversion to 16 pages of jargon.
Overload protection
Current limitation
Short circuit protection
When you drop to a 6 volt pack your stall current is halved and falls below the trip point
Overtemperature protection
Overvoltage protection (including load dump)
Clamp of negative voltage at output
Fast deenergizing of inductive loads
Low ohmic inverse current operation
Diagnostic feedback with load current sense
Open load detection via current sense
ESC saw your bulb as open circuit as it was not enough load.
.... I think you've enough to blow a 15 A fuse in 2 secs.
Long term........
You're running a 700bb motor on 12 volt ?? What sort of prop and what reduction gear ratio?
Do you know what shaft revs you'll get with your prop at full throttle?
Do you know what current drain,power output,efficiency that will give?
Look here and you'll see what I'm hinting at with the above quote ....
http://www.johnsonmotor.com/Performance-Charts.266.0.html Horizontal torque axis equates to prop size.
Click on the Typical Applications and you'll find what Martin ,the forum admin,thinks are bad motors.
They are for cordless drills with a 100:1 reduction gearbox ....absolutely no use for direct driving a boat prop through water because they have a low torque/amp ratio. They need gears to drive any sort of load at all.
Stick them in a boat and the prop whines like a banshee in air. Sink the prop under water and and it slows to a crawl.
The 700 motor is not that low a torque but
you'll have to watch your prop size or you'll be on the stall half of the motor which is to the right of max power.
A rule illustrated on the graph , is if full throttle revs in water fall to less than half free running shaft speed ,the prop is too big.
You can see that point in black and white if you navigate to an actual motor page.....
http://www.johnsonmotor.com/mediando/index.php?IdTreeGroup=49&IdProduct=459 .....and scroll to the foot of the page.
I'm thinking you have a turbo and not a torque version of the 700.
I also bet the 700 will blow a fuse the first long burstin the water.You'll need to change the rating....that's OK cause your esc protection will actually react faster to your prop snagging on something.
Good luck anyway and I'm glad you got back on track. :)