Lubedude had it correct. The easiest and CHEAPEST way to more power with a outboard boat, is a bigger engine. Trying to wring more power out of a current engine is. 99% of the time, like banging you head against a brick wall, feels better when you don't. I admit there is 'more power' to be found in these engines. BUT, you won't like how the engine and the boat will respond to it. Even some production engines, like the 3 cylinder OMC 75hp, the 3 cylinder merc 70, and the merc inline 150hp were less than optimum. All were trying to attain what was 1.5 hp per cubic inch. For a non racing outboard that pretty much the edge of what makes a usable recreation outboard. These engines all had soggy holes hot, erratic running in the 2000 - 4000 rpm range, but from 4000 - 6000, they could haul @$$. Further hopping up just magnifies these characteristics.
As mentioned you should look at making your setup more efficient. Trim, engine height, hull condition, proper propping, will help. Remove all unnecessary weight. Wives, kids, and especially mother-in-laws, are to be left ashore. Girlfriends and Mistresses on the other hand, are not a hindrance to performance and can come aboard.