what RPM are you spinning?
I assume that the 29mph is per a GPS and not a pitot tube speedometer, correct.
Using Mercurys prop calculator, inputting in your 2:1 ratio, a 14 pitch prop, 15% slip and 29 MPH, I calculate 5147 RPM. which is right where you should be
I dont think you have a problem. if you want to go faster than what the motor is designed to do, you need more motor. and on your 15x42 boat, your probably already maxed out on rated power
Motor Specs
Manufacturer: Force
Year: 1995
Horsepower: 40.0
Cylinders: 2
Type: 2 stroke
Gear Ratio: 2.00:1
Min WOT RPM: 4750
Max WOT RPM: 5250
Spline Count: 13