What battery do you have. If it is big enough capacitity and c rating you could run a 7l or 8l motor. I run a 10l on 4s lipo and it rocks. I have that setup in my LS10 now and it works great in that too. I have a MM and a UBEC to run the 4s. Good temps and it runs great. I will be running a 9l on 3s in the crt.5. I may try the 7l on 3s, geared way low and see how the temps are compared to the 9l and 10l.
Yep, 540 l can motors. For 7.4 you need a higher kv, like a 7l or a 6l, not sure how hot it will run though. If I were you I would buy another 7.4 5k pack and run a 10l or 12l and have a very cool running, powerful setup. My 10l on 4s is a beast and I get around 20-25mins on a 4000 4s maxamps lipo. It will make the crt.5 a little heavier, but the truck is already heavy and solid in my opinion.