Sounds like you “may be” a bit high for the water intake, and you are not getting enough water pressure to the motor, really if you’re running a jackplate you need a water pressure gauge. Water pressure is a major factor that will determine how high you can go with the motor on the plate.
I really do suspect you are overheating, and probabaly because the motor is so high, lower the motor a couple inches, get yourself a water pressure gauge and then start raising it up again to find a sweet spot between preformance and water pressure. I would guess motor height is cause the issue more than anything, but you won’t know without the gauge.
Did I mention to pick up a water pressure gauge Money well spent trust me, and they shouldn’t be too spendy or hard to install. Probably a 2 beer job