Re: trimiming a outboard
Yellowbelly;
The other guys are correct, one possition will be good for helping the boat plane but drive the bow down when crusing (which seems to be what you have now). The other position will be good for cruising but not for the hole shot. It is a compromise.
What these changes do is use the prop angle to either push up on the transom or push streight forward, or push down. For the most efficient operation you want it to push streight forward, and not run the prop at an angle. This will improve fuel economy and speed. However this position will make it more difficult to get on plane and may allow the boat to porpoise (bounce up and down while cruising).
Adding a tilt and trim device (c & c) will allow you to adjust the trim on the fly, but you may continue to have the porpoising problem when you trim out for efficiency. Check into Trim Tabs, as they will allow you to trim the motor for efficiency and get the faster hole shot , minimum bow rise, and eliminate porpoising.