Not sure how your boat is setup, but typically if you add more setback you can run the motor higher. Think about the water coming off the bottom of the boat while on plane. The hull has forced it down and once it clears the rear, it's coming back up to the level of the water around it. Well, when you move the motor further back, it can be raised higher since the water is higher. If that makes any sense.
I typically measure in relation to the cav plate on the motor. Depending on the prop, I can raise my motor to where the cav plate is ~4 inches higher than the bottom of the hull.