Minimum
You need to measure the impeller to wear ring gap first. All you need is feeler gauges to measure the gap. If you have not pulled one of these pumps before it will probably take you two hours or less to R&R the pump. I’m not sure how much time it will take to R&R the wear ring out of the casting. I highly recommend you get a shop / service manual before you do this task, that way you will know what materials you will need in addition to seeing how it comes apart. I have followed the step by step directions that the shop manual shows and it was relatively easy.
I will get a set of gauges and check that first. Am I able to check the gap from under the boat without pulling anything?
gap on the impeller to wear ring is .014” on my 155mm pumps, max gap is I believe .028” I’d have to double check on that gap max limit.
Can you hear, feel or see that the pump is cavitating?
If the hull feels smooth then its probably not the beaching.
Perhaps check that the reversing bucket is up all the way when the throttle is advanced?
Did you check / set the gap on the plugs before installation? OEM plugs?
How are you measuring the speed of the boat? If its the water wheel and not gps, get under there and see if you‘ve got some fishing line or something wrapped around the water wheel pivot.