You should be doing about 45-47 MPH with the gear ratio of 2.2 and 4400 RPM that your puting out based on 90% effecientcy.

Why on earth is the 2.2 high altitude ratiio in your lower unit?! Very ineffecient for higher speeds.

@ 4600 RPM, after breakin, 48-50 MPH What ratio and prop pitch does your buddy have on his boat?