As far as mod motors go, Ernie Lafluers CMB setup with an RS or Evo 2 is top notch. I love mine.
Next would be the new Nelson from John Otto. I'm actually not sure which would be the fastest.I have the newest Nelson mounted to test soon. I've heard good things about it. Time will tell.
For hulls,The HTB 360 is a great heat boat and the 340 is also a fine sport boat. Woodstuff also builds really nice tunnels.As does Leecraft and a few others that I'm sure will be mentioned soon. I really do like my Woodstuffs because Mike will build a boat @34", 36",38" and 40" for 7.5s.I think the CMBs have enough power and do require a larger boat. I have the 38" version for my CMBs. Keep in mind Ernie won the nats with a 40" Woodstuff /CMB package this year.
For a sport motor, K&B seems to be the only game in town.