What power set up for twin propulsion?
If you intend running 2 700 motors, be careful with the esc, personally I think 40 amp is cutting it a bit fine, depending on the motor. if you google graupner motors, there is a link to amp draw, very useful, or look at my power set up, the link shows results of extensive testing, and depending on the motor/esc/prop/battery combo, the amp draw on some of the 700 motors is higher than 40amps. I fried an upgraded electronise 35amp with a 700 12v bb turbo, completely melted a ripmax seasprint, currently using a jetI 60amp, but this does not have reverse, as most of the high amp esc's are for racing and have no reverse.
However, now with a 2:1 gearbox, we suspect the amp draw is considerably lower, testing was planned for last wednesday, but weather was too windy!
Unfortunately, there is no defined formula, its down to testing, to achieve what you want,I am doing over 15mph, accurately measured, and its way too fast, bordering on unstable, but its great fun!!