I agree with watermann. Also, it seems the engine is as low as it can get on that bolt and rusty washer. It is probably too low. Seeing the gold color im guessing you have a 78ish evinrude. This is the same year engine i had on my boat and i had it about an inch or so higher than yours is now. Could you post a pic of the whole engine and back of boat. Maybe from the side? Seeing the relationship between engine height and boat could solve your whole problem. You want the cavitation plate at least even with the bottom of the hulls lowest point. Maybe even an inch or 2 above that point but a good start would be even with the bottom. This will help with proposing as well as trimming the motor. You want the engine pushing while level with the boat. Once you get the engine height set, try moving that pin up a position at a time until the boat slows down, then back off a pin. You def. Want an equal distribution of weight. More to bow is probably better than more to stern. Hope this helps.