Gidday, Slightly but one of my fondest model railroad memories was walking into the club on night and getting involved in a discussion on scratch building tugboats.
Regarding your Lindberg boats, you don't have to cut the hull to water line the model, cut the hull profile in your base board to suit.
You could also model a slipway scene if you so desired.
Googling "Railroad Tugboats" comes up with some interesting sites'
Yeah I know its not a tugboat though it was one of the results of the scratch building discussion I mentioned above. It is not a waterline model and is inserted into the "water". It is actually mounted on a cradle which is activated by a cam driven by an electric motor which allows it to gently rock. The modelling was done by a good friend, the late Hans Hubner.
Have fun.
Cheers, the Bear