Re: 22' and got 18.4mph, good??
Too low would be my guess as well.
I just got my first 4 stroke not too long ago (a 50hp Honda) and was not used to it at all (quiet!). Testing it out, mine was showing a similar rpm at WOT. Concerned, and hoping for maybe a little more speed as well as a happier engine, I looked into it further. Turns out the GPS speed it was running was about what it should run (high teens), and the prop on it commonly used for this application. The problem turned out to be an improperly installed tachometer! An online search for the installation directions showed there were several options to select the engine the tach was to be used with, and it had been set up incorrectly for use with this Honda! FWIW, -Al