It often helps to consider an extreme case. Suppose you loaded the boat so that it sat two feet deeper in the water. wouldn't you expect it to need more power to reach the same speed. Adding just a bit of weight also increases draft and requires more power.
You will gain better efficiency at any loading if you forget everything you ever read about hull speed and go at a speed that produces no bow wave.
You will gain better efficiency at any loading if you forget everything you ever read about hull speed and go at a speed that produces no bow wave.