Drag is mostly a surface area issue. Bulbs have a lot of surface area, struts have a lot of surface area, Very slender shapes have a lot of surface area. Double enders like canoes and kayaks can run up to 7:1 It's really only when you go large - as in thousands of tons large and thousands of horsepower large, that skinny begins to make sense because now a much higher proportion of energy is lost to wake and they are trying to go fast.
Keep in mind that for smallish boats in a storm, aero drag and wave impact drag can be five times the hydro drag from friction and wake. So surface area out of the water is also a big problem.
You might look at ocean rowing boats for ideas on hull design. There are some pedal HPV craft as well.
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