@Utley I would add again, I think you need to focus on the duct part as well. That part is as critical to the rest for producing thrust out of the pump and yours is corroded very badly. It will mess up the flow out of the pump and cause cavitation.
Here is something I found on line that explains it much better than I can... "The stator has a main purpose that most may overlook; probably wondering what it’s doing in there. But the boat can’t run without it. If it were not there, the torque from the
impeller(compressor) would cause the boat to twist to the right from centrifugal force. The stator has a very aggressive blade design that almost completely reverses the direction of water flow. By changing the direction of the flow, it stabilizes the water for even output, removing the centrifugal force of the
impeller. But more importantly, by changing that direction, it increases the energy of the fluid movement. "
As far as the comments that it is on the downside of the impeller as doesn't matter, how is it that there are aftermarket cones out there that some folks have used on this board to improve performance of the pump??? Well the reason is that the whole flow dynamics throughout the pump matters to get proper performance. Intake grate, impeller, clearances, duct design, cone design through to exit nozzle design all add up to give you proper holeshot and top end speed. Start messing with the design of this and you impact (for better or worse) holeshot and/or top end speed.
Not trying to stir things up but would hate to see you go through a lot of work and not get the desired results.