Couple of thoughts in the " what it's worth" dept.
A higher "X" dim will get the props out of the water a bit so it can spin faster with less HP. In theory the faster the prop spins the faster you will go, up to the point when you actualy lose "bite". It's a fine line and design where is that "sweet spot".
But for some thinking for all you goof hydroengineers.
There is something called "hard water".. meaning undisturbed, no air, water.. the "harder" the water is the more "bite" you will get. Ergo... the "notch " in the boats. The farther you get the prop from the transom. the "harder"... less disturbed or les airated the water will be.. More bite.. faster top end. There is no perfect solution.. Having a step boat will get the hull out of the water,, less friction, better speed, less stability in handling. Getting the "X" dim higher, again.. less friction, some drives can use "surface pearcing" props, better speed, and again less handling stability. In theory.. get your props 10' passed the transom.... just barely submerged,, out of the water to get more spin RPM's.... you will be getting "bite" in "hard water"'.. best % of prop use and HP use.. but it will take you a 1/4 mile to make a turn.
Boating is a compromise in every sence. Speed = Horsepowerdollars.