That venture would love a 27 OMC SRX prop. It is one of the best props for that boat. I got a friend that has a 88 18' tournament edition with a 175 merc and has the 27 srx. It runs 72 MPH @ 6200. If you set up is not optimized then yes, fuel economy will suffer. There is alot to setting a boat. I ran a modified mecury on a ranger and when me and my buddy took it to the lake we took 7 props with us. Set the jack plate in the middle and ran all 7 props. Raised the engine 1 inch and ran all the props again. All the props that showed speed loss we set aside. then all the ones that showed speed increase we contined to raise up 1/2 at a time and kept a table with all the info wrote down. We then got a rough ideal of what each prop would do and what height it wanted to run then went back to half way and lower 1/2 untill we got a ideal. We fine tuned the 2 fastest props. A 26 chopper and a 23 quicksiler. The quicksilver ran 64.11 gps with 2 thrust washer but the hole shot sucked and the chopper ran 63.84 with a stout hole shot. But fastest prop was 64.11 and teh slowest was 58.36. Nearly a 6 MPH difference. You may find alot of improvement in speed and handling with a different prop. My buddy and I rode in his venture and the thing was solid and flying high. I had one of my 26 chopper with me and we stuck it on. That thing was all over the place. When it started to lift it was crab walking. The bow was moving side to side about 2 feet. It scared me and he finally let off and said he couldn't drive it. Funny thing is the SRX is the OMC version of the chopper. Goes to show how just a little difference can mean alot.
As far as rpms. I like to turn any of my mercs in the mid 6's( dependin on porting if more), It is actually easier on the engine. Better hole shot, faster acceleration, and less likely to cause engine damage if the tempature starts to climb. At 5400 you are "lugging" the engine. It is more prone to detonation and engine damage at that rpm than if turning more. Most mercury v-6 will make good power to 6400 then start going down. Then you are simply turning rpms with no power to back it up. Stock engine powerbands are higher than they are rated for. I have a dyno sheet where a stock 2.4 200 rated for WOT of 5800. The engine actually produces 217 at 6400 then sharply drops to 208 at 6500. So the best place would be at 6400. Some may be 6300.
Just to let you know that this stuff is not written in stone. This is just how I do and never had any issues. Not saying you should. I know alot of people who live by this. I like the HUMMMMMM of a v-6 screaming!!! Cant wait to hear what this 2.0L merc will sound like at 9500! emoEek But the way it is built it has to turn that to get the 295HP out of it. RPMS= hoprsepower. Stock 2.5 200HP 5800, 2.5 225 Pm (.025 higher exhaust port timing of a 200) 6750RPM, 2.5 260hp (.025 exhaust .080 intake over a 200) 7500 RPM, 2.5 330 ( .080 exhaust .120 intake over a 200) Hp race engine 8500RPM. See the relationship between rpms and HP? You can take a 2.5 150 and make any of the above engines with it.
SORRY SO LONG!!! LATER!!