Re: 30 mph top speed?
If you're propped at 4,500, that's really not too bad. Your current prop calculates to 19% slip. Not great, but not all that surprising for that particular speed on a 20 foot hull. So honestly I'd take a close look at a number of other things before messing with a prop change...your 3,800 elevation shouldn't slow it down THAT much...it's not that high up in the sky, and Mercruiser usually specs the same carb jetting for zero to 5,000 rpm.
What are your compression readings from each cylinder? Base ignition timing? Ignition timing advance? How to these compare with specs for the motor? Have you comfirmed your tach is 100% accurate? Most old boat tachs are not. Are your throttle butterfies opening fully at the WOT lever position? Choke releasing fully after warm-up? Flame arrestor clean? Fuel filter clean? Carb properly jetted for modern fuels (not 1988 fuels) and for your elevation? Carb jets all clean? Carb float at proper spec? Color of spark plugs/piston wash? Are your spark plug wires all within proper resistance specs and routed without crossover? How recently were distributor cap/rotor replaced?
I think you're missing some of the potential HP from your engine, and I don't think your prop is the primary reason for your lack of speed. Correctly propping a motor with a possible problem is a waste of money...It's more economical to correct any potential engine problems first and make sure the motor is running absolute peak, and THEN shop for a prop to match it...
In the meantime you should systematically attack every system of your engine and check everything out, with your goal being to increase your speed and RPM with your current prop. If this is happening, it's because you are restoring some of the lost HP to your engine.
Back up in post #5 you said the boat could spin 5,000. Now you're saying 4,500. I'm very confused by your differing posts...and your conflicting data can easily result in me and others giving propeller advice that will either destroy your performance, or possibly destroy your engine and outdrive. So the answer to this question is CRITICAL: Is your current prop able to spin your motor up to 5,000 rpm? Or is 4,500 rpm absolutely all it has in it no matter how hard you try to make the boat/motor go faster? Keep in mind it is positively critical that your answer be based on data from a known good tach....not necessarily your current 23 year old boat tach...
Please recognize that "4,500 at 30 mph" is a completely meaningless spec, if your boat is actually capable of spinning up to 5,000+ and going a few MPH faster by just giving it some more throttle...we need to know your absolute MAX rpm and the absolute MAX speed that the boat can do. If your absolute max is 4,500 we will likely recommend going down in pitch. If your absolute max is 5,000+ we will most certainly recommend going UP in pitch. So you can see why it is so important to answer this question accurately...if your data is inaccurately stated or misinterpreted, you stand a strong likelihood of getting advice that is OPPOSITE of what you need to do.