Re: Lower HP for outboard vs inboard.
Are outboards more effecent?
No. They are lighter by 500 lbs in the example you gave
+OB
Also, the I/O bolts to the Stringers, and the outdrive to the transom. In the case of the OB, all of the power is bolted to the transom +I/O
OB get's more trim leverage as it is further aft, so trim "leverage" is increased allowing for higher trim angles and less boat in the wawa +OB
Edit: Define "efficient". If the definition is lbs of fuel per hp hour, which is the standard definition of an engine's efficiency, then OBs lag a little as they give up some features by being crammed into a tiny place. If "efficient" means how fast an engine can push a given load, the weight savings gives the OB an advantage as some of the "load" is reduced. So this means that the application of the OB can indeed be more efficient. In practical use, modern OBs and I/Os are about a push in the same application i.e. 2 - 22 footers that haul people around to play.
Edit 2: There are exceptions to pretty much all I posted. This can be an engine discussion, a hull discussion, a trim discussion, etc. etc. etc. Even though it is touching on an engine discussion I think this is more of a general boat application discussion and belongs in this section. We'll see where it goes....