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Looking good!
As for correct height of motors. The anti-cavitation plate should be even with the lowest point on the transom. I see that you have a extender, so for each 12" of offset from the transom, raise the anti-cavitation plate 1" above the lowest point. BUT, make sure that your exhaust ports remain at least 5.9" above the waterline. If you need to change the mounting of the motors, you might want to look into installing a pair of jack plates.
Yep - each motor weighs 635 - 650 lbs. Sounds like a good idea with the foam. Are you going to coat the exterior? If so, with what?
Does the bracket not have a tub?