If it is efficiency you are after then we need to increase the temperature difference between the hot end and the cold end. Usually this also involves raising the pressure, but I suppose under club rules you can't go past 100 psi. So lots of superheat I guess. Actually with a flash steam generator you should be able to go to any pressure you like, since there is no pressure vessel. The exhaust end needs a condenser, which needs to be as cold as possible, I guess we could carry ice, or get even more ambitious and carry dry ice, or liquid nitrogen. Although it would be awkward if the condenser iced up, i guess that would have to be prevented in the design somehow. The engine part would need to be a compound, reciprocating engines are limited in the temperature and pressure they can usefully cope with in one stage.
One thing is sure, the whole thing would be bulky, and it would not look much like any conventional steam locomotive.
It is easy to get hung up on efficiency, what really matters is a whole lot more subjective, eg how effective is this device at doing what I want at a price that I can afford.
John