OK, If fuel pump diaphragm is in excellent shape, personally would test combo as usually loaded on a wot run on flat, calm water cond to check max revs said motor achieves. Compare it with the min-max manufacturers wot rpm range to see if inside its rpm range, running any motor badly propped will guzzle more fuel in the 3/4 to full hammer down range compared to same motor correctly propped for that application. A wot run will determine so..
For best fuel consumption, motor should be running at least middle to max wot rpm range as usually loaded, if with a fixed load much better. Once there can throttle at your preferred rpm range.
Other point to consider is that it's a medium large 2 stroke motor, those guzzles 13-14 gallons per hour running full hammer down. OP has not posted at which throttle range and rpm motor was running at. You won't see the usual 10% fuel consumption per HP/hour many boaters goes by not even on new 2 strokes motors...
Happy Boating