Moof.
Your'e right. Too much power isn't enough. You have to control it, and the biggest issue will be to avoid "chine walking" (designing the right bottom strakes), and angle to the surface at high speed (trimming by drives and flaps).
If I get the bottom strakes right, it should take a few test drives before I can present a movie with top speed results, that should make you drop your draw!
(Wow! What am I gettin' into here)???
Cheers!
Woodie.