Dropping the motor will gve more 'bite' in tight turns, so will tend to ventilate the prop less, BUT you'll have more leg in the water, which will increase drag, leading to lower performance and top speed.
If you're not suffering too much ventilation at present, you're probably best leaving it where it is, but it won't cost anything to experiment with a couple of different height settings.
Would be interested in your results if you do this.