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Availability and increasing costs for boats, motors and propellers is stopping new people from entering the sport. Most don’t want to or have the budget to even think about trying boat racing.
In the beginning it was easy to try the sport. I started racing pleasure craft in the early 1960’s.
The rules were very simple....stock commercial recreational boat, stock production outboard and stock original propeller. Some models especially the moulded plywood hulls were just better performance wise and some were very competitive against the Stock Outboard Utility Hulls.

The best part was it was fun! It got far more expensive as the Canadian Boating Federation took over.

I think there has to be a reset to get back to less expensive entry level classes.
Bone stock motors and production stock propellers will definitely reduce the cost. Years ago Twin Lakes Racing Association started a T Boat entry class with stock motors and stock propellers. It has been successful and larger classes have developed from it.

Keep it simple!! The entry class is not for those who only think of themselves and their success. Entry classes are stepping stones to the higher up classes. You don’t even need to crown a champion in the class or have all the combinations of boats and motors the same. It can be a “Wild Cat” race with wide selection of boats and motors. The key is the boats need to run similar speeds and are similar in boat size.