Hi Scott,
The 70% figure is for folks looking to find out how to juggle the governor setpoint RPM versus Kv and battery voltage (the maximum possible RPM).
That's not the case for Speed.
You are running at W.O.T. with a normal full-throttle setting (no governor), correct?
So a shaft run would yield Vbattery times Kv RPM.
The problem is that no powewr is absorbed in a no-load shaft run.
The maximum power possible will be derived by running at exactly 1/2 of that same no-load RPM, but the motor current will probably be so high as to melt the windings!
In practical terms, a very, very, very heavy load will yield maybe 85% of the no-load RPM, at full throttle.
Now you can figure out what pitch prop you need for starters;
0.85 * Kv * Vbatt * 1/60 *Pitch[inches]/12 will approximately equal Line-length * 2Pai * (1/ Lap Lime)
The units of both sides of this equation are in feet per second.
The problem is that this does not predict speed, and it does nothing to help you figure out the diameter of the prop.
If you calculate the pitch based on your hoped for speed, then just try ever increasing prop diameters until you are running as much current as you dare. If you are making enough Watts for the drag of the ship, then life is okay, otherwise you may never get to the desired speed.
Hope it helped,
Dean