Dan,
With the power today's engines are making and what race water conditions mid race, 35" I feel is not going to be desirable.
37-38" would be optimal.
If your building for yourself it will meet the rules IMPBA & NAMBA.
but if your building to try to get your boats racing, I would rethink your length.
If you are building for SAW or oval records, if you could keep it on the water it would prolly be a rocket!
Just my 2cents of experience.
Rick
Dan, I am not being critical of you endeavor, I just what to help and make something usable by the masses.
Sport-40 IS one of my two favorite classes.