Re: 89 cobra
OK-fair enough. The diameter of the propeller for that engine is fixed by design. Any propeller you buy will have approximately the same diameter to within say, 1/2 inch. Pitch of a propeller is the theoretical distance it would travel forward through the water with no resistance or losses. So, a 15 pitch propeller would travel forward 15 inches with 1 revolution while a 21 pitch would travel forward 21 inches with 1 revolution. This is kind-of like the gears in a car. 15 (low pitch) would be sort of like low gear--real good acceleration but not so fast. 21 (high pitched) would be like overdrive--poor acceleration but top speed is faster. PROVIDED the engine has the power to turn it. Now, this is a very simple explanation and does not cover anything but the basics. There are other factors to consider but that is too much information for now.
So, when I say you have too much prop, it means you are using a prop that has too much pitch for the engine to turn properly. The engine can not turn fast enough to develop its maximum horsepower. This is, of course, assuming there is nothing wrong with the engine. That is why I figured out a theoretical top speed at 3500 RPM. The theoretical top speed told me that since you are close to it, there is nothing major wrong with the engine.
Now, as I explained before, if the trim is improperly adjusted, this would be part of the reason for low RPM. The more of the boat that is in contact with the water while it is "On Plane" that is, riding on the surface, the more resistance it will have to forward motion. Thus it will take more horsepower to go the same speed and of course, top speed will be lower than normal.
Look at pictures of bass boats at speed. They are very fast (by design) and run with the nose (bow) pointed up a little. They also ride on only about the last two feet of the hull. Now this is not possible to the same degree with a multi use boat like a family boat. However, You should still trim the engine to the point where the bow is riding slightly high--not level. and if it is a bow rider, move several people from the front to behind the windshield--you will notice a difference in speed.
As I also said before, the easiest way to determine best trim position is to trim the engine out (or up) away from the transom until it starts to cavitate. Do this while the boat is traveling straight ahead. Now, trim back in (or down)just to the point where it stops cavitating. This is usually the best and fastest running position. It will, however cavitate in turns so when you turn the boat, you must trim (in) a little more, then trim (out) as you come out of the turn.
If with proper trim you still do not get to proper RPM (which I suspect you won't) then you need to investigate using a lower pitched prop.