Well, the ideal European canal boat is steel
(for durability), is slab-sided and has minimal flare in the bow (better in locks) and has a diesel
engine (less fire risk, on which the authorities are very hot). So you're not starting with the ideal boat.
However, we see lots of similar planing motor
boats on the canals and rivers in France
and, as long as they stick to the speed limits (typically 6-8 km/hr in the canals and 12-15 km/hr on the rivers) they seem to have no special problems.
You'd probably be wise to carry some big spherical fenders as you will bounce around in the locks more than the typical steel
inland waterways boat.