On our 2009 R25 with Mercruiser Cummins QSD 2.0 150 HP and stock prop (don't have exact specs) I see the following as of 2 days ago: Clean bottom (trailered), 3/4 fuel, 1/2 tank fresh water, < 10 gallons in black tank, 2 people on board, lake water temp 72, lots of "stuff" on board, oversized trim tabs by previous owner:
WOT 3840, 16.3 MPH
80 % throttle 3390 RPM, 14.2 MPH, Temp 186, Boost 15.6, Oil press. 90 - 94
68 to 69% throttle, 2850 RPM 12.4 MPH, 4.2 GPH, Temp 180, Oil press 90 - 94
2240 RPM 7.6 MPH, 2.7 GPH, Temp 176 - 180
Boat is sensitive to trim tabs for sure. Would guess trim planes are 3 to 4" wider and 2" deeper than original. Usually run at 2850 or 2240 RPM. Above that, just using more fuel. I can't find the WOT number right now, but I am sure it is between 3850 and 4000. Don't think it has ever gone over 3860. Assuming you have a very clean bottom and prop and without knowing the water temp, I would be sure that the water pump is OK. Also, note that specs say thermostat is fully open at 203F, and you are not there yet. You did not mention if you have extra weight on the stern (propane, dinghy, kicker, etc.)
Higher speed may also be caused by the Michigan State banner I fly :lol: