That is definitely a small engine. The Kawasaki 440's were stand-up skis, intended for one passenger. I've been riding stand-ups since 1986, my first ski was a Kawasaki 550.
With a 440, you'd have to stay with a 12 foot boat to have any kind of power to plane off with passengers and gear. And then, it's liable to put so much load on the engine that it will sieze. Might not do it the first time, but it will happen.
Building one of these boats, when it comes to the type of engine needed, you have to consider all the factors. The first being hull weight of the ski vs. the boat. And when I say hull weight, I mean total weight, once you have installed fuel tanks, decking, etc. Then, you have to consider surface area of the hull of the boat vs. the hull of the ski. A ski is more narrow, and shorter, a lot less surface area and resistance to overcome to plane off.
Another factor.... passenger rating....what type of ski did the engine come from? If it came from a 2 or 3 seater type jet ski, then, it will probably be adequate for the job. But if it came from a single passenger stand-up ski, then, trying to use it to push a lot more weight is going to lead to engine failure. Adding a bigger pump just makes it worse. Sure it will probably plane it off, but again, it's overloading the engine, which will lead to failure.
Back in my teenage days, I'd sometimes take a girlfriend with me on my Kawasaki 550. Yeah, I know, it's a single passenger ski, this in itself would probably amount to a ticket for exceeding passenger capacity of the vessel. But the point I want to make is that even though we probably both weighed only 120 pounds or so, it was all the ski could do to plane off with that extra person. And this was only a few times, taking relatively short trips. I think the longest trip I made like that was from my house in Cherry Grove Beach to Bird Island at Little River inlet, cutting through the sound, probably a distance of 4 or 5 miles. I'm sure if I had run like this for long enough, I would have killed an engine from over-loading.
Most of us who have built jet johns have used 700+ cc engines (around 85 HP). Mine's an 1100 cc 4 stroke (160 HP), pushing a 1648 duracraft.