Sounds to me like she is propped wrong?? thats sounds alright for cruz speed but top end should be better then that, and my V with a 175 outboard was getting 2 1/2 mpg.
What is the prop you have on there?? Most run a 17 pitch, I use to run a 15x15 1/4 on mine, got out the hole fast but lost a bit on the top end.
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1986 V20 
Old Fishermen never die, we just SMELL that way!!
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