I would say that it is a problem .Taking the hook out will let the bottom free up witch results in MPH.Will a boat run with hook for sure but same power set up with out the hook will give you more mph.
Did you measure about 3 to 4 feet down the boat that is where you will find the hook not in just one or two feet and at least check it 2 strakes up.
I do not think the trailor will interfear?
Jake