Sounds like it must be a pretty huge water tunnel to hold a 15" diameter prototype, several hundred gallons at least. Is it your own, or a university's or something?
The more I think about it, the more I think you might want to bite the bullet and build a custom powder brake. Not only will it give you smooth rotational motion, you could pulse it at various speeds to simulate the periodic angular acceleration inherent with some of the things a turbine blade might be coupled to. It appears to be nothing more than a steel shaft running through the center of a solenoidal electromagnet with some iron filings in the gap and a couple of seals on the ends.
It's only bad to run a motor under stall if the current is high, and something you can stop with your finger isn't going to be putting 50W of friction power into your finger (unless you are seriously masochistic).