hummm? seems a bit low on speed at 4200 rpm. and if you ran the boat out of the water, and especially dry pump its a good indication that the pump was hurt. i myself do on very rare occasions start the boat out of the water but i hook up to a hose plus i squirt water in the grate while doing so. and never run it for long preiods of time or high rpm's. i hope you didnt hurt it but you may want to have it checked out.
BTW, 4200 rpm is about right for a stock olds with a good pump.