Re: need more power
Well, you don't have Vortec Heads or a roller cam. So what bomar posted is the way to go, but it costs a lot of money. Especially since you block is not set up to accept the roller cam, as he explained. Basically you have a 210 hp rated engine. If your boat was a 96 or newer with Vortec heads, roller cam, and 2bbl, Mercruiser rated it at 250. There's your forty horses. Spend accordingly.
Maybe a different prop is what you need? 4 blade perhaps? Maybe you are slipping way too much at the low end or the top end. Cause at a 5000rpm WOT, that thing should come out of the hole nicely. You're underpropped, since that motor's max WOT RPM is probably only 4800 (maybe only 4600). So you may have a prop issue, not so much of a power issue. The boat doesn't have a bunch of water stuck in it somewhere, does it?