Re: rated for 80hp, can I go 115hp?
You can do almost anything you want, but if you live in a state where the local Fish and Game are stringent, then the least that will happen is you will get a very expensive ticket.
For many years now people have been overpowering boats and changing engine hoods to reflect the max rated HP of the hull. The Fish and Game are not stupid and may notice.
Me: I have a specialty hull originally rated for 35-40 HP and with modifications, I have mounted a 125 on it. However, It is my experimental boat, not my daily ride. I only use it when there is no one on the river.
If you do "Beef" up the transom, be aware that not only the transom needs to be reinforced, but the transom needs to be tied into the rest of the hull so the horsepower forces are transmitted into the whole hull. Typically, this means more and thicker knee braces and corner braces.