I know everyone says that you need to boost reference the power valves but that is only needed if the vaccuum draw at WOT is enough to close the power valve. Example, 1 in. vaccuum at WOT, no problem, 6 in. vaccuum at WOT, boost referencing required. The power valve will be open when the vaccuum drops below the power valve rating. I use 4.5 power valves and they are in the primarys and secondarys. In my blown 540 Arias engine I don't have boost referencing and my vaccuum at the carb base at WOT is 1 lb. I am running 14lbs. boost. When you put in the power valves you will have to jet way leaner because they account for about 6 to 8 jet sizes. Check the vaccuum right at the base of the carbs at WOT. Your carbs need at least primary power valves or the engine would have a major flat spot.
The ride plate wants to be about 2 degrees up from the keel line. This can vary from boat to boat.
I put in a cavitation reducer impeller and it helped slightly, Now when I floor it from a dead stop the RPM will overrev by about 800 rpm and then the pump loads and away you go. Before the engine would overrev wildly and could not be floored from a dead stop. If you want to go real fast shim the ride plate down until the pump intake pressure gets up to 30 or 40 lbs. You will be amazed at how much the hull will lift at high speed. You should be running faster than 40 at 4000 rpm.
The 21' daytona is a great boat. I am going to buy one soon. Post a pic of your boat. My 19' Cheyenne is a fun drag boat but too small to carry back seat passengers, They get scared riding next to the monster.