Not sure what you consider cheap but I put in a Castle Creations motor ESC combo. Got the set for 139 on e-bay. I have seen them even lower.
Motor is CSM-4600 and the ESC is the Sidewinder. Probably not the best match for this boat but it accomplished my needs and seems to work OK. SETUP is highly sensitive to battery. Needs a strong battery...
Couple of comments:
ESC was not made for boats, not water proof.
I added conformal coating to help in key open areas. I am not expecting much here, but I am trying to keep it running for a while.
ESC did run hot with only air cooling.
I added water cooling and it works much better.
Boat went from fun and easy to control to, HOLY CRAP, better slow down for the turns.
Boat is now as fast as my Blackjack (at least in a straight line).
Boats:
Proboat Apache 24
Proboat Blackjack 26 Brushless
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