Hi Greenbush;
I agree that you should not use trim tabs to correct an unknown problem such as water saturation. However, I cringe when anyone mentions that the boat may be "underpowered". This is often not true and indicates that the best way to make the boat perform correctly is to add HP. Obviously a 10 HP motor on an 18' bowrider is underpowered for towing skiers, but most boats simply don't use the available power correctly.
Keep this in mind when considering HP; How much of the HP is used to "climb"up hill to get on plain vs the necessary HP to cruise at 1/2 to 3/4 throttle (25 to 30 MPH)? Without trim tabs nearly all of the available HP is used to get out of the "hole". Why not simply eliminate the "Hole". Why try to accelerate UP Hill? Trim Tabs (when deployed) provide the extra stern lift to compensate for the extra stern weight. The typical bow rise during acceleration is 15 to 17 degrees, and that is quite a hill. What if the bow rise was only 5 or 6 degrees? How much less HP would be required to get on plain? Keep in mind that the HP rating is measured near the top of the RPM range (ie: 5000 RPMs). At 2000 to 2500 RPMs during acceleration the engine is producing less than 1/2 of the rated HP.
Let's look at what you get for the extra dollars when you step up from a 100 HP to a 135 HP motor for a typical 18' V bottom bowrider.
The 100HP motor will push the boat to about 36 MPH at WOT. The 135 HP motor will push the boat to about 39 MPH with the same load ( net gain of 3 MPH at WOT.)
The 100 HP motor produces 50 HP at 2500 RPMs while the 135 HP motor produces 67 HP which is a net gain of 17 HP while weighing another 30 to 50 Lbs.
Which boat will get on plain easier and quicker if the bow rise is reduced from 15 degrees down to 5 or 6 degrees? Eliminate the Hill.
Top speed is also likely to increase with the smaller motor because the trim can be adjusted without concern for porpoising, and the running surface is extended (trim tabs retracted).
Am I saying that the 100 HP powered boat with trim tabs) will accelerate to plain faster than the same boat with a 135 HP? Absolutely!
However, the 135 HP numbers on the cowling are more impressive. Buy some new decals

By the way, "yes" the 135 HP will perform even better with trim tabs.