Ok guys, here's some stuff.
First, I want to clarify, the motor is not bouncing. I shouldn't have said that. What I meant is everything bounces on the suspension when going over bumps-totally normal but if the bunks don't extend past the transom then no good.
I did move the winch and jack forward so that the bunks go 1" past the transom. That's as much as I can move it forward. Changing them out with longer 2x6 bunks later this week. I also got a transom saver.
The boat will not porpoise at any speed. The motor goes up until roms suddenly change and I feel a change in the ride, then I drop it down just until the rpms settle and cruise.
Clocked it with a gps and I can hit 43. I was way off. Cruising safely at about 30.
I am not having problems with the pee stream. The motor "gurgling" is referencing to what
@vroom ZOOM said. I'm venting the prop with no bow lift at high speeds.
The hooks can't be intentional because they are not even close to the same shape and size on either side.
When I trailer, I don't even use the motor. I pull the boat onto the trailer with the anchor rope and then the winch, and it's always just hardly afloat when I lock the winch and pull it out.
I should have lake tested it, but the nearest lake to this guy's place was an hour's drive.
Taking it to a repair shop to see what they say tomorrow.
Thanks for all the help and advice guys, I'm starting to feel a bit better about this.