I recently bought a 1962 Boston Whaler 13-footer with a 1992 Johnson 40 hp. The boat is in decent shape, and I plan to work gradually on restoring it. In the meantime, I just want to enjoy it. The motor runs pretty well, although it idles rough and will sometimes cut off when going from idle into gear. Probably needs a thorough carb clean and/or a new power pack. But once you get it going it runs great. It gets up on plane quickly and the motor is very smooth at full throttle.
My question is about the prop placement, which seems to me like it may be too low. Out of the water with the motor down, the anti-cavitation plate is just about even with the bottom of the hull, which is where it should be. But when the boat is at rest on the water, almost the entire lower unit is submerged. On plane, the anti-cavitation plate seems to be under the surface, although it's hard for me to safely tell. At full throttle on smooth water I am maxing out at 27-29 mph according to GPS. From everything I've read, this boat with a 40 hp ought to be in the low- to mid-30s. The motor is mounted in the top holes of the motor bracket, and the bracket rests on the transom. Should I consider raising it to the next set of holes down, or even two sets of holes down? I would have to drill new holes for the bottom bolts, which is not something I really want to do if I can avoid it.
I have some video from last weekend where you can get an idea of the motor position. FYI, the prop appears to be original and is 17 pitch. Can any of you experts get enough of a view from this video to suggest whether I should make an adjustment or just leave it as is?
http://youtu.be/1fpJDIun2Yw
Here is a picture of how the motor is mounted (sorry, can't seem to get photo to rotate):

My question is about the prop placement, which seems to me like it may be too low. Out of the water with the motor down, the anti-cavitation plate is just about even with the bottom of the hull, which is where it should be. But when the boat is at rest on the water, almost the entire lower unit is submerged. On plane, the anti-cavitation plate seems to be under the surface, although it's hard for me to safely tell. At full throttle on smooth water I am maxing out at 27-29 mph according to GPS. From everything I've read, this boat with a 40 hp ought to be in the low- to mid-30s. The motor is mounted in the top holes of the motor bracket, and the bracket rests on the transom. Should I consider raising it to the next set of holes down, or even two sets of holes down? I would have to drill new holes for the bottom bolts, which is not something I really want to do if I can avoid it.
I have some video from last weekend where you can get an idea of the motor position. FYI, the prop appears to be original and is 17 pitch. Can any of you experts get enough of a view from this video to suggest whether I should make an adjustment or just leave it as is?
http://youtu.be/1fpJDIun2Yw
Here is a picture of how the motor is mounted (sorry, can't seem to get photo to rotate):
