It happened to me
Graupner 700 bb turbo, 12v, direct drive at the time, went over a slightly submerged plastic bag (small sandwich type) boat came to an immediate standstill as it wrapped around the prop like a piece of rope,(It is a fast scale electric) 60amp ripmax seasprint esc cut out, even though the "stated" stall current of the motor was lower. Luckliy this particular esc had a cut out to protect it.
Dont get a esc that is marginally over your motor capacity, firstly the motor manufacturers dont know your running set up, if the drive line is slightly off, or you are not water cooling etc etc you could be running a setup that is already amp hungry. SDecondly, if you move up to bigger packs, another boat, different motor etc you have a esc that will cope with the changes.
Electronise are one of the best on the market, UK supplied, great back up service, and the big thing, they are repairable