Re: Jackplate Set up
How far up you can go with the jackplate depends partly on the amount of setback that is built into it - generally more setback = higher lift. I would start with the antiventilation plate on the lower unit mounted about one inch above the pad - this is with the jackplate run about one-third to halfway up, motor trimmed out level. When testing, run the jackplate all the way up and keep an eye on water pressure, should have at least 15psi at WOT.
The correct prop is the one that will just barely let you touch the upper end of your engine's max rpm range with the jackplate jacked all the way up. If you can't do that with the 24 Raker, then you have the wrong prop.
Mercury has a program where certified dealers will work with you and let you try different props before you buy. Most good outboard/prop shops will do this also, as long as you don't put a nick in the prop during your testing. Anywayz, a lot of the Merc props will fit a lot of different brands of motors because many of them have Flo-Torq hubs that can interchange among mfrs. That would be the route that I would take. Merc makes some good props. Look around this website
http://tinyurl.com/6cpche
for good info on prop basics as well as Merc's various props.
For performance beyond that, you would need to go to custom prop shops, like Baumann's in Houston, TX.