Re: Dwell setting
I think I replied to your question about a prop once before. I run an OMC Cobra 4.3L V6 powered 21 footer that tips the scales at 3800 lb. dry. (It's a 1987 Mark Twain MTC 215 - very similar to what you have.) My prop is a stock 15 x 17 aluminum 3-blade. I turn 4500 - 4600 RPM @ WOT & top out consistantly at 37 kts on the GPS. And, I get a nice easy, fuel conserving cruise of 25 kts at around 3500 +-. You may have some other problems going on. However, I'd bet that if you went to a 15 x 17 prop, you'd notice better all around performance out of your MT.
You may want to check your installed boat tach against a good dwell-tach. Put 'er on the water and run WOT. Work with a buddy to compare RPM at the engine to the instrument panel tach. I thought my RPM was down some, too. But when I did this on-the-water comparison, I found my 1987 OEM tach showed as much as 800 RPM below actual RPM at WOT. I replaced the tach & get accurate readings now.
Cheers!
JSMoore