I again know that it's not an apples to apples comparison here... but I took a video on my phone last summer of myself cruising, of which I was at right around 22 mph @ 3,700 rpm and burning roughly 7.5 gph of fuel. I rarely touch the trim tabs unless the conditions require it, but usually leave the motor height at around the "2-3" range on the gauge. For going WOT though, and as mentioned before, I'm at around 43 mph and probably just under 6k rpm, but in order to do that with the transom bracket on the boat, I tilt up the motor considerably. With some experience in doing so, you'll be able to hear the rpm's adjust as well as feel the boat going faster when you've found that sweet spot. Honestly to me it just sounds like the boat is underpowered, as mentioned before I'd check and see what pitch/size of propeller you have on the boat and then go from there. That being said, here's another post about a 232 Gulfstream with a single F225 on it and per the numbers halfway down on the page, it hit 39 mph @ WOT. You can always call or email Grady White directly and they should be able to send you the performance data sheet for your boat with a single F250 on it and compare your numbers to it. That being said, if you're only getting a maximum speed of less than 30 mph @ WOT, my bet is you've either got the wrong prop on there or something else is considerably wrong.
Does anyone have any performance data on 2003 or so Gulfstream 232 with a 225 4 stroke yamaha? I have seen some posts that suggest a single engine for a 232 is a bit underpowered for that boat. I did look on Grady's website but couldn't find anything.