Mate I'm far from an expert and I know that people say line it up with the keel height but I'm convinced that trial and error is the best way...
Just get the boat up on the plane and trim it properly with a regular load on and then have someone steer the boat for you and take a good look over the transom and see if you can see your cav plate on the motor...should be more or less close to the surface …if not go up or down and try again.....
If its close to the surface and you are still having noticeable problems ..then it could be the prop or motor issues or even something like water in the hull or too much weight in the ass.. ...