My knowledge is somewhat limited, but here's what I have discovered by some experimentation with canards. Firstly the wetted area is more than on a 3 or 4 point rigger due to the configuration, ie a little more drag. The plus to this design is that it will corner like it is on rails around the bouys with out a turn fin, unlike a rigger that required one. It requires a lot more patience to set up and has a critical point of balance, for good straight-a-way speed with the nose out of the water and running only on the rear sponsons and strut. A lifting surface prop will make them really loose, it is best to set strut simular to a cat set up. Being no turn fin is required they will generally turn either direction, a rigger doesn't like left rudder.
The angle of the wing between the sponson and the tub is also very critical, as is the shape. The shape I found was a fully semitrical shape worked best, but most production ones have a "Clark-Y" wing shape or flat bottom with lifting surface on top of wing only. If you are designing your own it is best to make the wing & sponsons fully adjustable. I have never seen one without the wing that connects the sponsons to the tub but I always wondered what it would run like with tubes as per riggers.
I found the above observatons in some notes that I have from about 15 years ago, and someday I may just get back at it again, I like the odd ball stuff.