I went and played with mine some yesterday. I was at 4" lift and tried a couple different borrowed props, and lifted the engine higher. It's on a war eagle 548, F25C. With the normal setup, 12" Turbo hotshot lifted 4" even on a CMC PT35, I was happy with it. Decided to try for more since I found a guy with different styles of props.
I could get another inch of lift, by using a 4 blade 11" that had a good bit of cup added, but the problem I ran into was that it would run so high, it would partially uncover the water pump inlets--water pressure would drop way off. Speed-wise it was exactly 1 mph faster, 35 vs 33.9. Big deal. Tested a PT SRA with some cup, 11", on the fuel cut at 6200 and change, 33.0 mph avg. Others were really disappointing in one way or another. He had a ron hill cleaver that I tried as well but had to remove the trim tab for it to fit, and while it performed decent on the top end and would run as high as I wanted it to, it came out of the hole like poo, hard to actually get it on plane. Once up it did ok, speed about the same rpm on the high side, with a low-water pickup it would probably do ok but I aint about to do all that. Stuck my turbo 12" back on and called it a day at 4" of lift. Still runs right at 33mph with a chop, at 6180 with an acceptable holeshot. PT&T helps tremendously in that area; I can get it on step then trim it out. Could stand to work on the hull a little as it tends to porpoise but I just trim in slightly until it goes away. ONly other issue is I have a pull to the starboard side that I can't get out. Wants to pull the motor out of my hands at full throttle and the little tab is adjust all the way as far as it will go. Ran out of motivation to play with it any more or I'd have figured out a way to adjust a little more.
one thing I did do on mine was to remove most of the weld bead just to the port and starboard side of keel. They put a bead across the entire back of the boat, where the bottom meets the transom. It serves to reduce porpoising and you can reduce it's size a little but you will also induce some porpoising if you take off too much. I removed a lot of the bead just to each side, and left it intact everywhere else. That in itself picked it up quite a bit. It was a noticeable modification for sure.