Hi xringo1,
If you are dissatisfied with the power your outboard is producing, I would ask if you have made sure that it is running as efficiently "as designed" before considering any tinkering around?
If you haven't done so already, you may want make sure you are getting full throttle when you push the control forward. Sometimes a simple throttle cable/linkage adjustment can yield surprising power results if things have gotten "sloppy" over time.
You may service your fuel filters regularly (we have seen many VST "nightmare" filters posted recently) but have you looked at the screen in the intake manifold lately? See #5 in diagram link below.
http://www.boats.net/parts/search/Honda/Outboard Engine/1999/BF130AX XA/INTAKE MANIFOLD/parts.html
While making sure that the throttle plate is opening all the way, take a little time to gently clean the throttle body and plate. Special sprays are now available for doing so and 3M Corporation makes an EXCELLENT DIY fuel injection service kit that can restore plenty of power to a well used engine. It is manufactured for autos but with a little thought can be easily adapted to work on your outboard.
Checking fuel pressure and volume is an easy way of verifying that your engine is being "fed" the amount of fuel it was designed to get. A weak pump or a worn fuel pressure regulator are horsepower thieves.
Thermostats may not immediately come to mind when thinking about going faster or "popping' up on plane but an engine that runs too cold (or too hot) will not make the power it should and will carbon up the valves and piston crowns.
And speaking of valves...when was the last time the valve adjustment was checked? Tight valves will lower compression and rob power. Loose valves won't allow proper fuel or exhaust flow.
And, while still on valves, the valve timing is critical to efficient fuel burn and a little slop in a belt or a tensioner can let the timing "drift" or, even worse, jump a tooth or more and cause plenty of problems. Something that needs to be checked and corrected according to a reasonable maintenance schedule.
In my opinion any modification that would return "meaningful" horsepower increases are not easily achieved. Burning more fuel, more quickly is the formula for doing so and involves bigger injectors, higher lift cams, advanced engine timing, increased air flow and probably some enhanced electronic calibration. And, if you COULD do all that, increased reliability is not typically experienced with such changes. It's usually the opposite....breakage...lots of it sometimes. Sure, it can be done....but at what price?
I'm know that MY answer doesn't "precisely" match the question but I'm throwing it out there for discussion and thought. And, if you hadn't pondered any these things as yet, then maybe you could end up being happy "dancing with the girl you got".