Those are the same symptoms that I had with my boat. At first, I thought that I had a bad coil that kept going out. My boat would speed up and slow down depending on chop. What was happening, is the small ripples on the water would allow air to get in the tunnel and break the vacuum. The motor would gain about 500 rpm's and run real good and then the tunnel would pull it back down. Lower the jack plate too much, and it would flood the back off my boat. When I added the vent and the shalow blaster the motor, it was like riding in another boat. Something else you may consider is getting a good 4 blade prop with an aggressive cup. The prop that I am running is made by Power Tech. As for the vent, I am not sure how you can do it with wood. Aluminum makes it a lot easier. I will have to agree with another post on the jack plate. If you are looking for the additional ability to run in shallow water, then the hydralic is the way to go. If you are looking for speed, then it probably would not be very cost effective because you will not gain that much on the top end. The top two jack plates on the market is the Power Lift by CMC and the Flats Jack by Bob's Machine Shop. The Power Lift is integrated into one unit with the pump mounted inside of the jack plate. All you do is install the plate and run the wires to the console. With the Flats Jack, you have to mount the pump inside of the boat and run hoses to the jack plate but it is a little faster. I am running the Power Lift on my boat. If you have any questions, let us know. Thanks, Steven
Picture of the vent taken from the stern looking towards start of tunnel:
Picture of the vent inside of the boat:
Small plate over the vent hole to prevent water from spraying up the pipe: