Running a jack plate and having a Ranger BB changes the rules. I assume your Reata, being a Ranger and made for speed...Forrest liked to build them to run fast...... has about a 6" setback of the transom from the rear of the hull, and may have a pad....I haven't seen a transom view of a Reata.
What GM280 said is the norm for normal transoms and without jack plates. The "big guns" on here used to recommend 1" engine raised per 6" of "setback". That would put your engine's AV plate 2" (1 for the hulls setback, and 1 for the jack plate setback) above a straight edge extended from the keel area of your hull with the engine perpendicular to the hull. Additionally, high speed boats usually run the plate a little high for less drag so you may need to be on up 3 or 3 ½.
I don't have the numbers for your engine's max rpm nor gear ratio so that stops my continuing there.
Additionally you didn't mention anything about the condition of your engine nor what kind of trim you selected, nor where your engine was currently mounted (ref my height comments above), wether or not you firewall it and does it blow out and spray water out behind the boat, or does it just lug and doesn't come up in rpms. You also didn't tell us the differences in the 17and 21P performance.
Having the 19 and 21 "that came with the boat" says that at one point in time the boat was capable of running both props. Possibly the 19 was a reduced pitch for certain occasions, like water sports with the boat full of family....and may have driven the PO down to the 4 blade 17....but the boat still would have had a stellar hole shot (getting out of the hole and up on plane) indicating that you may be limited by engine problems also.
Last you didn't mentioned what type props you were running, like SS or alum, ported or not, name of prop like Stiletto, Ballistic, Laser II. They do make a difference.