I have experimented with engine heights on outboards and was a little surprised by how high you could go and still not have the prop "let go" ( on smooth water), just gain engine rpm, and probably a little boat speed. I/O is the same principle. But the test boat had cupped stainless, I once bought a twin outboard boat that played up badly with cavitation/ventilation, switched from alloy to stainless and never had any more trouble.