Oh no....not another Liberator!!
You left out a rather important detail. Drive ratio. I'll assume that you have a 1.5:1 drive because that's probably what I'd put on that Lib......(mine is 1.81:1)
Away with a 1.5:1 drive, Using the Prop slip calculator,
http://www.go-fast.com/Prop_Slip_Calculator.htm :
At 4800, you should be going about 55 mph with 15% slip which would probably be about right for your boat if the engine is running correctly....
But something is very wrong if the RPM is correct and the drive ratio is REALLY 1.5.......that makes your slip at 33% indicating that you're either REALLY heavy (waterlogged?) or the bottom is literally COVERED with marine growth.
So, you need to do a couple of things to proceed.
1. You need to verify your tach. (make sure it's accurate) maybe even get another one and see if it's the same .......... My tach recently has started registering low at high RPM for some reason.....
2. You've verified your speed.
3. determine your drive ratio. (is it really 1.5?)
4. Try a different prop. (is yours a 4 blade...is it SS?)......Try a 3 blade 21p SS prop (4 blade props are usually a little slower than a 3 blade although not THAT slow)
If the RPM is correct. (and the GPS is correct.....I haven't ever seen a GPS be wrong) then something is "holding" the boat back. (waterlogged, dirty hull, etc.......you dragging an anchor?)
If the RPM is NOT correct, then the tach is screwy....AND you have engine problems. rebuild the carb, correct the timing, check the compression etc.
For that boat a 21p prop should be close to "right". When I had the 460 and King Kobra in mine (1.41:1 drive, 20p prop) I ran 60 mph at 5000 RPM. I was a little slow out of the hole though.........even when it was brand new ..... but not now......
POST PICTURES!! It's always neet to see another Liberator!!
Cheers,
Rick