It will drop slower when in the water, than when on the trailer. That will vary depending on how much resistance the Prop provides, Factors there are Blade Area, Pitch, and whether the Engine is in Gear or Neutral. Personally when I was running the Engine with an almost Dead Battery, I just opened it enough to lower the Motor. Once it was at the Top of the Trim Range, I would close the Manual Release Valve, then rope-start the Motor and the Alt would then power the Trim Pump. Raising up by Hand, I would open the Valve Fully, simply to reduce the Resistance, then once the Tilt Lock was in place, close the Valve