Yup ^^^ I hear ya. Big boat = big $$$ on operations cost. WOT is not how most people operate. But you can kinda ballpark engineer it.
Wayback in the shadows of forgottenville, is something bothering me about the hp / torque / rpm relationships, and the linearity of said curve. Or lack thereof in certain parts of the curve..
For a reasonable best guesstimate, Cruise rpm / WOT rpm gives you a factor to use against the WOT fuel consumption. Short of a flow meter or empirical testing, its a good place to start. So if 200 HP at 5500 RPM = ~20gph. 3500 cruise rpm / 5500 Max = .64 X 20 gph = ~12.7 gph at cruise. Once you get up on plane, your efficiency goes up. So work your speed out for that rpm that puts you on plane and figure your best mpg. The curve is not perfectly linear, and other factors as drag are at play. Your fuel consumption in gph is a function of power produced.
Your speed is just a variable that depends on your hulls design, displacement, etc. Small light boat will get better mpg, as it goes faster at the same gph.
By design, 2 similar designs, of differing sizes, the big boat needs more power than the little boat, or, goes slower with the same power and fuel consumption.
Parasitic drag quadruples for every doubling of speed. So a speed just above getting on plane, will typically get the best fuel economy. If that also corresponds to the best power / fuel consumption point on the power curve, your in a sweet spot where the boat will give you the best range and fuel economy. I would imagine that one can prop for that spot - as well as best top speed or best hole shot or pulling.
Cheers, and hope for lower gas prices.
Blaine