Gordon,
I would wire the motors from the controller in parallel and run at 24 volts but thats just me, I dont like the idea of wiring them in series but you can of course. Why do you want to half the current..? its not as if its particularly high from the figures you have given. Also running at 24 volt saves the cost of 2 batteries when cost is a deciding factor. Also I dont know if this is a loco or another type of vehicle but depending on the 12 volt battery type 16 to 18 kgs each so a saving of over 30 kgs with 2 batteries instead of 4.
Sorry it sounds as if I am picking faults but I,m not its just that I cant see the benefit of going 4 batteries (cost/weight) – 48 volts and wiring in series. The motors you are using are the same type and model so wiring in parallel the motors will be fine they dont need to be identical, they will be close enough and will work ok.
Re cheap speed controllers, well I have one (Chinese) off Ebay for £15 (40amp) running 4 motors in parallel on the 0-4-0 I am building. It works but yes it has crossed my mind will it burn out or give up once it is working under load but at £15 it has to be worth a try. The link to the better controller on an earlier post is according to the spec "non reversible" by the way so if you need reverse on your vehicle the controller shown is not the one.
regards
Ron
Edited By Ron Laden on 19/07/2018 15:21:08