Is this motor mounted too low?

[whistler]

Mercury 200EFI on a 23 Sceptre. Does this look like the motor is too low?



Picture was taken at cruise speed. I can't tell if I simply did not trim up enough or the motor is indeed too low. Performance is acceptable, but I feel it can be slightly better (2-3MPH). With a relatively light load (2 people, 3/4 tank), max speed is 40mph at around 5300 (need to double check). Prop is a Mercury Mirage Plus.