Hi there Neil
The last pictures you put on regarding the speed controller which is an Mtroniks 30 amp; I am unsure of the yellow receiver. However, it does look like a 2.4 one, which is no good if you want to run 40 megs.
Now, sit down, I have just priced a new Mtroniks 30 amp speed controller; £56 from Mtroniks; gulp....
So, right, we know that the 2 motors that came with your boat must pull in the region of between 10 and 15 amps each (somewhere in that ball park) because of the speed controller which was supplied with the boat. If you want independent control, you could buy one more of these Mtroniks 30 amp ones - and then - when you receive the speed controller; remove the red wire from one of the plugs that you fit into the receiver. This will prevent interference between the 2 speed controllers. So, you will have one plug from one speed controller going say into number 3 on your new receiver; and the other plug (the one with the wire removed) going into number 1 space in your receiver. This, in effect, will give you tank steering.
Will this help you Neil?
The little speed controller which you have - the one that has a little switch on - and is shrink wrapped - and has a tiny red plug on it for your battery - these are okay but, if you try and use them with the motors you have, it wont drive them independently and it may fry if you put too much umph into it. Personally, I would not risk that.
John