As others have said, to drop to a 17p prop should not have been necessary. The 3900rpm with the factory spec prop tells the story that your engine is not putting out proper power. I assume it still sounds like it's running smoothly or you would have said otherwise.
You could be running on 7 cylinders instead of 8 and it would still sound smooth. So an easy check is to pull the spark plugs and see if they all look the same. They should look dry and dark grey to brown without buildups. Post pictures if you need help. A bad ignition wire, bad plug or bad distributor cap could cause one cylinder not to fire.
Next step is a compression check, which is easy to do yourself if your borrow a compression checker. If one or more cylinders has very low compression, then it is likely you have valve damage. This could lead to having a head rebuilt, expensive but it's not the end of the world.
Get this solved and you will deserve the name
1baddoggy again

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"Knot Easy" 2000 Horizon 240 Volvo 5.7GS /SX
tow: 2017 Honda PILOT EXL-AWD
prev. boats:
'87 Chaparral 198CXL 4.3 OMC Cobra
'69 Jetstar 16ft Ski Boat, 115hp Yamaha
'68 Aluminum Jon Boat, 3hp Sears
'64 Water Wings