Hi Woot
My engines proped exactly the same as yours and i've asked myself exactly the same question, sounds like we have simular set ups and power to weight ratio, mine also runs at about 5800 on a calm day.
I'm no expert on props but i believe if you raise the pitch you will drop the revs but gain a slight improvement in top end speed, however you will lose bottom end hole shot, and as this must be important when pulling a skiier i'd think it was unadvisable to go up in pitch, for this reason ski boats seem to run small props which are fast on take off and reach there top revs quicker.
Talk with Julie at Steel devs, she will put you on the right track and when you get the answers let me know