As Richard said, you've answered your own question.
Your motor is driving the prop faster than its holding water, hence the misleading rpm figure; but the pitch of the prop is still too high.
Your motor, I believe, is spec'd for a max rpm of 5000 - 5600, so your 19, assuming your 5500 rpm figure was WOT, sounds just about spot on.
A taller prop will slow accelleration and hole shot, and bog down as you load the boat heavier.
jky
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