Not well so far. Hard to get going with the prop thunking in the water about 1/2 inch.
I put a 9x6 on for first flight, which was more of a paddle. Next will try smaller prop or a bit more foam.
Seems to be getting kinda massive though?
Massive an really heavy. Looks cool, but you might have to have a small prop and hot motor to make it work.
You could always just add a set of floats. Much lighter weight and more aerodynamic.
http://forum.flitetest.com/showthread.php?24068-Easy-to-Build-Swappable-DTF-Floats-amp-Ski-s