I disagree. I rode around with the same motor height for well over a year and never had an issue. If the issue was solely the motor height, why did I not have an issue during that time?
Additionally, maybe "sucking air" is not the correct term, but the water pressure reading is measuring NET pressure far downstream of the intakes, which are essentially 3 different intakes all in Parallel (the nose cone, left side and right side.) I think we can agree that the lower the intake the higher the pressure. I realize they are not all equal and proportional but for simplicity sake lets say they are.
So, for example lets say I am running my engine as a given speed, trim, and motor height. With all 3 intakes full open and free of any blockages, I am seeing 20 psi. This is the net gauge pressure of all 3 intakes. If I were the measure the pressure at each of the intakes I may read 25 at the nose cone, but only 17.5 at each of the side intakes. Hence, averaging the 3 the NET pressure reads 20psi.
If I block off the nose cone completely and run at the same condition my water pressure will likely change, do you agree? Since I am getting 17.5 at each of the sides, and they are the only factors in the NET pressure reading, the NET pressure become 17.5 psi. The reading changed, but not due to motor height.
Lastly taking the same motor with the blocked off nose cone intakes and running it lower on the plate, my pressure will increase at the given speed and trim angle as before. Why? because the active intakes are lower getting a less aerated supply of water with higher velocity. Again the water pressure changed back to "normal" by lowering the motor, however the blocked off nose intakes are still present.