Re: prop selection
I don't know what the gear ratio is but that's probably too much prop.
Is the motor in excellent tune, carefully timed?Is the throttle opening all the way.Have you raised the motor as high as possible on the transom?
Raise to just before venting(cavitation)becomes a problem.Be sure it pumps water.You could drop to a 19" pitch Would put you at ABOUT 5,500.
If you have a good prop shop they may be able to remove some of the cup of the 21" prop. to gain some rpm and speed.
Some years ago I read that the 115 needed to be timed carefully And at some point the timing was retarded slightly.Johns Old Mercury Web Site may be able to shed some light on the subject. May be able to help with the prop as well.