That's a pretty high setting for your style of boat...even considering that setback. Some bass boats don't even run that high. Running that high will pretty much do exactly what you are experiencing...excellent top speeds at the expense of some slippage coming out of the hole (breakover). I would suggest lowering your jack plate a 1/4" (if possible) at a time until the breakover slippage goes away and you are also happy with top speed/handling until you find the "sweet" spot between both...while running the current Promax prop.