I don't have the propulsion expertise of the posts above, but it sounds to me like while you really like this new boat, you want to be able to cruise comfortably at 8 knots, which I am guessing means not too much noise or vibration. The current owner may be aware of an issue that is preventing that, but you could simply let him know that this is a decision-maker for you, and you want to sea-trial the boat to see if it can do what you want. You will learn a lot from which answer he gives you, and whether you want to continue with the buying process.
Even if, with all this help, you are positive the boat isn't propped correctly, you won't know whether some other issue, or issues, are also involved, and what the cost to repair them would be.
Since you think the first buyers are backing out of the deal, that could be a red flag, and a reason to proceed cautiously.