Re: 2004 merc 50 2 stroke, disappointed!!!
Get the largest motor the boat was designed for, you won't be happy with it any other way...those boats are tanks.
For comparison my 16.5' Tuffy did 32 mph with a 50HP Yamaha and similar prop, the boat weighed 800 pds dry and close to 1200 pds loaded with fuel and one passenger. Your slip numbers are way up there because you are barely above planing speed and the engine is loaded heavily. With four passengers I was lucky to get 26 mph out of it and it rode nose high also.
Completely different boat with a 90Hp on it though, top speed with a single person was close to 50 mph....my mileage actually increased with the larger motor and pulling a skier was no problem. I can cruise at 40mph at half throttle and use half the fuel the old 50 used to use if you compare actual miles covered. Underpowering a boat is about the worst thing you can do, I see them all the time on the river with the nose way up in the air and crawling along at barely 25 mph with a little 50hp screaming away. It seems like it always a newer boat with a wide beam that some dealer sold as a cheapo package deal.
I don't know how people can stand it, it takes twice as long to get anywhere and the noise is intolerable.