I always try to find someone that has a set up similar to mine...then ask them what they do. That way I can benefit from their experience and not "experiment" with my money. I would recommend asking someone with a similar hull etc.!
Ok, Ok, I'll quit being a smartass. Rich, you will not go 110 and et where you want with 525 hp. Sorry. Sangster is right...it's all about how quick you get there. Here's my best numbers with a lot of expimenting:
Same hull as yours. Same motor. 18% gears with three blade cleaver 11 1/2 x 16 = 94 mph / 11.10 et.
Same set up with engine rebuild and dyno at 610hp: 105mph @ 10.22
Same set up with a 11 1/2 x 16 two blade cleaver: 105 mph @ 10.23
mid et slower so I put my 3 blade back on
Same set up with Brodix aluminum heads (added 75hp): 108mph@ 9.73
Same set up with new Dart intake manifold (probably good for 15-20 hp) and Shelfo cut down prop to 11 1/8: 109mph @ 9.69 and into rev limiter at 7700rpm
Same set up with 22% gears: 111mph @ 9.61
Same set up with 25% gears: 110mph @ 9.83
Rich, I think the only real set up difference between mine and yours is the plates on my strut, which with the 3 blade is now slowing me down by pushing the nose down. It was ok before the latest changes. That's why I want to try your 2 blade to help carry the bow.
I think you should try my 3 blade with 18% gears. You won't gain much but should kick the tail quicker.