First Welome.
since all boats are diffenent I can tell you what I did and what improvements I have seen.
1. Before you go through the pain of adding a pad. We need to get your boat set up.
On my c'mate ( 16.5' and 850lb 200hp. 25P ss laser 2 prop ) I have a hyd jackplate, no cone or low water pick-up, and no set back.
If I put my plate all the way down, ( this would be very simular to what you have) the prop shaft is about 6" below the pad. My top speed is about 55, and the boat has a hard time brearking free of the water. Now with the plate all the way up, about 2" below the bottom, I still have good water Psi and the boat will now run 66-68 depending on conditions.
With the motor up, there is alot less drag in the water.
I am adding a 5" setback jackplate for the following reasons.
1, The set back will change the pivot point of the motor, giving more leverage, better to pick the bow up. (C'mate's are bow heavy)
2, It will alow me to lift the motor even higher when used in conjuntion with my hyd plate.
Adding a pad is not exact. The new C'mates use a 4" pad, hydrostream vector 8" Vking 10". Each boat is different. Rule of thumb. the bigger the pad, the more drag, easer to drive, smaller pad, less drag, more dependent on set up and driver.
I am installing a 9" pad on mine and running about 6' towards the bow. This is just a best guess. I'll let you know how it works when its done.
I would start by adding a jackplate, there are 3 types, manual,(need a engine lift to raise motor)
Manual adj. ( these have adjment bolts on eather the sides or in the center, can raise and lower witha set of wrenches)
And Hyd. these are nice if you want to more than just go fast. Up for fast, down for sking. Most manual plates are between $110-150. Adj, plates $150-300. And Hyd used start at around $400.
What OMC prop are you currently running? How many RPM are you turning.
I hope this helps
1975 Checkmate Tri-mate 2, 2.4 200+