Probably a red herring! If the fail safe normally results in throttle full back which in a boats case would be full reverse what would happen if the throttle radio channel setup had been setup with servos "reversed"! Would this result in full throttle?
Jonathan
With so many programmable links, red herrings are very possible. You can tell the TX how to respond, in some cases it might well be possible to tell the RX how to respond to a loss of signal. Many ESCs have a programmable feature. All of these are potential pitfalls, especially when you consider the possible permutations.
Channel reverse plus motor wiring reverse giving a "failsafe full forward"? Probably, maybe. I have some cheap ESCs that have an asymmetrical F/R and are designed around Futabas thinking. To get full forward and a calm reverse I have to do the reversing everything trick. Other ESCs with relay reversing are bad news if they need to be run "reversed". The relay puts a large drain on the radio power supply when operated for actual forward.