you need to keep between 15 and 20 psi of water pressure at wide open throttle on the motor. Before you raise the motor on the plate I would record your current setup as in water pressure, rpm's, and speed at wide open throttle. Get the boat up to about 3/4 throttle and start bumping the trim button a little at a time, the nose of the boat should lift and rpm's should start to climb. Continue doing that and increasing throttle until the boat stops lifting. Most of the time that will be level or just past level depending on if you have a jackplate and how much setback you have on the jackplate 6, 8, or 10 inches. After you figure all that out go back and raise it one notch on the jackplate and run it again. Record your water pressure, rpm's, and speed at wide open throttle and keep going to you lose speed or water pressure. Once you start losing speed and or water pressure then drop it back down one notch on the jackplate and you should be dialed in. You can also record your hole shot by timing how long it takes for the boat to get on plane with each adjustment to the jackplate.
On another note I would get a Sharpie or find a way to mark where the motor currently is on the jackplate just in case you have to go back to the normal set up. There is no one setting fits all as every hull, motor, and prop like different set ups. It's usually just trial and error.