If you are confident enough with your sailing/boat handling skills to head out onto the bay in your Erickson 27 with no motor at all, then consider a small, light, inexpensive electric drive system using the Mars Etek at only 24V with no reduction gear.
It looks to me like you would get 3 shaft hp output at 1350RPM while drawing 140A 24V.
For motors, controllers and info check out:
https://www.kellycontroller.com
If 3hp will do it for you, then a $450 Mars, a $250 150A Kelly controller, and $400 for 4 golf cart batteries could get you almost an hour of electric power. 8 golf cart batteries would go for 2.3 hrs.
If you are looking to spend more and use higher performance batteries skip the $2000 worth of AGM ballast and go for Thunder Sky LiFePO4, they truely are high performance. I power my electric dingy with LiFePO4, they are superior to my old AGM battery in every way imaginable. ¼ the weight, ½ the volume, longer range, higher speed and they charge much faster.
Check out:
http://shop.junglemotors.com
160Ahr of LiFePO4 would cost $2000 and be good for 70 minutes of run time at 140A. They are rated to do this for over 2000 cycles. Total battery weight would only be 100 lbs
$1500 would get you 4 big 6v AGM batteries rated at 300Ahr which would give a maximum run time of 80 min at 140A. They are only rated to do this for 350 cycles though, and weigh 370 lbs.
BTW 2:1 reduction and running at 48v would be the way to go for more power, and slightly higher motor efficiency. However 24V does allow you to run lots of off the shelf boat electrical stuff directly off your main battery bank, then you only need a small DC-DC converter to run chartploters and the like.