Ah, Victor....Nah.
You do you, but for what it's worth, I'd do something like salvage two bicycle wheels, put them one atop the other, and use them as a tiered external Tusi gear(s). Find or make another set of wheels of exactly 1/4 R and, well, figure out a way to get them to mesh without slipping. Your specialty.
Use a single central motor with arms that terminate in axles/bearings for the whatsis, smaller, inner planetary gears.
Out at the rims of the smaller gears, where your foil masts and pivots are, use small, DC stepper motors bolted to the gears, above and below (or fine, just above, or in between) for fine contol of pitch. You don't need much rotation, they're very high torque and very precise and pretty cheap and light. Don't even need that much force if your mast is back 25% from the leading edge or wherever it needs to be for neutral twisting moment. I found some potential sources somewhere I could dig up as examples. It looks like they're the kind of thing the ABB Dynafin guys employ. "Modular."
You really do want the vertical separation, I suggest. I think you're flailing your poor mechanism to pieces without it. The prodigious jerk (not me, haha) at foil reversal is harsh enough as is, without asking it to be withstood by a single arm and joint. Spreading the load to much bigger gears/wheels and sharing it between top and bottom gearsets might really help to address the strains you've reported. Might even consider a bit of damped suspension on your foil masts/steppers. I loves me some damped suspension. Or just use foil braking--yeah, much better. I think this scheme wouldn't need the drag and interference of guides.
Would take some fair electronic skullduggery to figure out the stepper program, but that's right up your alley, and free, and you're retired. You certainly already know the motion required. Same deal with synchronizing two foils, either driven off the central motor or having two "modular" motors. Motor tech and control and compactness is pretty impressive these days.
You could take it as a "spur" (huh) to undertake something to prove why it WON'T work. Like
@montero has threatened to do to illustrate why I'm full of baloney on my crackpot suspension and planing schemes on other threads.

Wouldn't need to be physical, just virtual.
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PS--also, I'm a big fan of trying to work with the water's resistance sorta synergistically, playing tug-of-war with it rather than just brutalizing and fighting it and forcing it where you think it must go. Use the fact that motors/servos have some amount of "give" in them, or surely can be made to, so that you're persuading the water to take the path of least resistance, not just rigidly churning it up. Give a little, take a little. Judo. Wu wei. I'll go back on my meds now, and put down the hookah ...