well i have had it wet a couple of times now and have had a few dramas.
First run i had made a small shroud over the carby but it was still sucking in water in the carby and stalling.
Second attempt i made a dodgy cover over the carby with an old juice container, this worked and i managed to get a few 5 minute runs.
Third attempt some water got under the tape that holds the radio box lid down and my reciever got wet so i dried it out and cleaned with some circuit board cleaner and it works fine again.. lucky
Fourth attempt the pull starter cord snapped.
Fith attempt was today, i made a new carby cover, fixed pull starter and also leaned out the low speed needle a bit witch made it rev a bit sweeter from idle. got a couple of 5 min runs speed is ok but it dosent seem to be reving right out. i am not sure if i have the pipe length right it is also a bit rich up high. it did stall a couple of times also. im not sure if it might have got a bit of water in the carb or if i got some interfearance and the failsafe kicked in.
I also noticed that it seems to hop a fair bit in the turns. it is fine on the straights but as soon as you start to turn it will start hopping.
I also lowered the prop a little to get the rear out of the water a bit as it seemed to be running a bit wet. so at the moment the prop is just below the sponsons.
here are some pics
Notice my custom airbox. carbon fiber cowl is on order from PHM racing.
The slowest retreival method ever.
in action.
Here is a link to a video my mate took on his phone.
http://media.putfile.com/dicko-s-rigger
Quality is a bit low but it will give you a bit of an idea.