Yes, it is possible. When did you buy the boat? Your posts are a little murky on the timeline. Are you saying you bought the boat after the outdrive change, and there was a period of time after the changeout that it was not in your possession?
Seems like both drives would at some time have had the same ratio. Then one got changed out to a known 1.95 ratio it seems. Was the other drive then checked to validate what the actual ratio was for it? And how did the boat perform right after changing just the one drive? I mean, a drive would not just start acting like a different ratio all of a sudden. Maybe the engine is not up to snuff.
Did this boat used to have Diesels, and got changed out to Gas engines?