Im not a Mercury guy , but I did have a Pan2 with a 150 on it for a lot of years . — Youre dealing with more than just prop / pitch this time of year . — The warmer temperatures and high humidity make your 150 run like a 125 due to air density / temp. , but thats usually more information than most people want to hear . — You didnt mention what pitch the prop youre running is , which would be very helpful information to give a starting point for suggestions . — By the RPMs posted , Im assuming a 24 or possibly 25 pitch . — The 4 blade , in my opinion , is a better prop in cooler water . — Id recommend a 3 blade in a 23 pitch for summertime use . — Hope this helps . — Hoss