Re: sea ray 17 ft 3.0 (130 hp)..no speed
to check for prop slip, as others have mentioned.
use a non water soluble writing device, like a grease pen, or permanent marker. mark the prop and the center nut in a strait line like this
---
then go run the boat. when you get done, that line should still be strait, if it looks like this
-|- -\- -/- you get the idea.
then you got a bum hub and need to either get it re hubbed or purchase another prop.
I have a 99 sear ray 180 with the same engine and the gen 2 outdrive. I ran just yesterday with a full tank, 2 adults and 2 kids. i ran right at 40mph and 4500 rpm.
you need to also weigh the boat. look on searay.com for the correct weight from the factory, add a couple hundred pounds for the trailer, and see what that compares to your boat weight. with a boat that age you could very well be toting around 3 or 400lbs of water if you have bad floor and/or stringers.