With proper engines, you would have been going more like 26 kts @ 3200 RPMs.
A good guide to cruise speed on any planing hull, is that the boat climbs up on its bow wave while getting on a plane, and then the nose drops slightly, i.e., the boat levels. At that point, you should be turning no more than 65 to 70% of you maximum wide open throttle RPMS ( assuming boat engines rev to within the specified WOT range), preferably 50%. If you are running more RPMs @ that "leveling" point than the above referenced 70%, you are under powered.
Further KGHOST's comment.... I call those boats "boat show specials", i.e. boats equipped to sell at the lowest price possible to unsophisticated buyers. Usually with lots of glitz and the smallest and cheapest engines they have the nerve to equip the boat with... usually raw water cooled, just to save a bucks.