The wing/boat adjustable flap concept is an interesting one. The flap increases the camber of the wing the further it is pushed down creating more lift. As Rich and Gene point out the flap creates "adjustable" positive/back pressure under the wing creating positive lift at speed. The other wild card is the boat is always running in ground effect which is typically half the length of the wing/lifting device. Airfoils are more efficient in ground effect with the cushion of air under them.....hence less aerodynamic drag. Of course this is when the boat is actually more or less flying. Prior to that is has the drag of the water to factor in to it.
With a wing the motors are set at a negative angle. At speed this pushes the nose down and pivots the ass end up with aid of the flap. If power is pulled at speed too rapidily the nose will ballon up. To me this proves the motor thrust angle and flap work together to fly the wing.
Not saying I know it all.....just talking through it.

