Great to hear your having a go at a paddler Jim....
My own feeling is that a speed of 40RPM will be too slow though - Most of the models I've seen tend to use paddle speeds of up to 120RPM with 80-100 being the most common.
After saying that, I've never seen a working model paddler as small as you are building, so maybe it will work? Trial and error seems to be the order of the day - Please keep us informed on your progress, it certainly sounds interesting...