Dude, I have that same ski. When you nail the throttle, it should "literally" jump OUT of the water. If you don't get 6" of air within a second of nailing it, you got a problem. And that is with the stock impeller.
Swap that wear ring out, make sure all your seals are water-tight, and hold on the next time you put it in the water. It WILL throw you off if you don't watch out and hold on tight.