Aluminum is a good material for any type of boat hull. As is steel, wood, FRP, etc. It's just that the weight savings is not as important in marine applications, and maximum speed is not necessarily a function of less weight unless it's a hydrofoil or other surface effect design. I believe the United States was/is aluminum hulled, as are a lot of coastal patrol and rescue boats. A steel hull is more forgiving of the paint or bottom coatings, whereas aluminum needs more prep and THE correct paint. There are a hundred factors to consider. Corrosion is definitely a major one, as IRStuff, mentioned.
Are you mainly concerned about aluminum regarding its resistance to munitions, or some other specific criteria?