You can increase the horse power all you want but sounds like you have a full displacement hull. Full displacement hulls don't go fast, increasing horse power will probably cause the stern to "squat" in the water resulting in same speed and increased fuel use. Most likely never run more than half throttle. I went thru repowering my 30' Sundowner three years ago, wanted at least a 150 HP, our old one was 60 HP. Spoke with a Beta Marine rep and he went over what I just explained above, I insisted on a 150HP and he refused to sell me one! He said I'm not going to be part of you wasting your money go somewhere else to buy! He recommended a 50HP after Beta Marine calculated hull shape and prop size. He said a little over half throttle you will run at 7 knots, use 1.5 gph and can run 24 hrs a day like that. I eventually agreed with him, installed the 50 HP and he was correct on everything he told me! Saved me a bunch of money! Sometimes more is not better when it comes to HP and hull shape. The sales guy was Joe, at Beta Marine in Connecticut ( I think). Give him a call and talk to him. Most honest salesman I ever run into.l