General observations: Right, a boat that is planing is no longer performing as a displacement hull. Is this boat hull one that - with only 10hp - can be powered up out of the water? I've had speed boats that would plane with a 12 horse if lightly loaded. But a pirogue is not usually a planing hull, I didn't think.
Doubling your speed with a land craft, water craft, or aircraft does generally take 4-8 times the power. A first step is often to reduce weight and drag. They're usually cheaper to do, up to a point. Often, more power (usually a bigger, heavier power source) requires a stronger structure to both hold the engine, and withstand the additionsl stress (some more weight). That path often hits a point of diminishing fairly early in yhe game.
F'rinstance, my aircraft is basically 1930s technology - aluminum skin, round hesded rivets, windshield raked back only a few inches, support struts under the wings, antennae sticking out of several locations, etc., etc. Modern aircraft made of composits both weigh kess, and are more aerodynamically ckean, therefore much less drsg. Roughly, they cruise about 50% faster with the same horsepower and fuel burn rate!
Water, being a more viscous fluid than air, msy afford similar or expanded possibilities?