Okay, I'm not a rigger person, but there are several factors that make a boat a runner or a dog. Two have already been mentioned so I'll just put in my two cents and see where it goes:
1)
AOA-
This has a couple of points to it.
Too much AOA can and will lead to more drag as the sponson transom will rider lower in the water, thus acting more like a brake than a riding surface. This can be overcome by the amount of push you get from the engine/prop combo, but top end will suffer.
Too little AOA will have considerably more wetted surface while running. The result is a boat that will have a harder time getting on plane and a lower top end.
2)
Afterplane Length-Again, this has a couple of ways to look at it.
The longer the afterplane length, the easier it is to have the prop lift the back of the boat if it is balanced properly. This can be compared to putting a board under a log and lifting on the board to move the log. The drawback to a long afterplane is it makes the boat turning radius larger. Granted, you can turn the rudder sharper to compensate, but this adds more drag, slowing the boat in the corners.
By running a shorter afterplane length, the use of a nonlifting prop becomes problematic as there is more weight on the prop. This one would be like having a bucket of water on one end of a board and trying to hold it up at the other end. Conversely, the turning radius will be sharper, reducing rudder throw needed.
3)
Thrust Angle-
This can make a world of difference as well. I won't try to go into this one as I'm not a expert on it.
4)
Hull Balance-
This one should be self explanitory
5)
Hull Weight-
Should be another "no brainer"
6)
Aerodynamic Drag-
This is one that is many times overlooked in boating. Rounded surfaces are inherently more slippery than blocky or abrupt ones. This was proven with the Unlimiteds back in the late 80's and early 90's when the Circus and Bud camps both raised the speed of their boats by doing something as simple as rounding off the edge of the sponsons. This one slight change made a world of difference in boat performance.
Okay rigger racers, there are my thoughts, do with them what you will