On a boat that size porpoising is usually about your trim, in my experience anyway.
The only reason to trim up is to get more boat out of the water. With your setup, I'm thinking you already have a lot of the boat out of the water and it's porpoising to tell you something - like you're over trimming!
A different prop to allow you to trim higher might have you thinking about the boat blowing over backwards if you hit a gust or things get sideways on you.
If you want to go fast, consider getting a hull that's designed for that. Your combo sounds like a recipe for disaster if you push it any harder. There's a reason for those HP ratings....