@djtech2k , that certainly sounds like you are in the right neighborhood now. So a few more things, then:
a) The jump in RPM at hard throttle then settling down is likely cavitation (which is not good for your impellers). Basically, the impeller is spinning faster than the water can get in and get moving. As soon as it 'bites', you see the RPM's settle--that is the pump fully engaging.
b) The throttle falling off by itself--that is a very known issue. Search through the FAQ for throttle drop. There is a way to disassemble and squeeze something tighter in the throttle box there to help that. I have some throttle drop the same way, but it has not been bad enough for me to do the fix...
c) Your total speed with 5 adults on a 210SX might be a bit on the low side, but certainly within range. You may pick up some more speed with smoothed out intakes (did you do that part yet?). Basically anything (like those intake grate bolts) that causes inconsistency in the flow into the intake will rob speed and encourage cavitation. Get that all smooth and you may find not only do you have better out of the hole performance, but also better top speed.
d) You can check the throttle adjustment in the engine compartment (basically, some of the cables get out of adjustment so they don't push the engine all the way to full when the throttle is at full)--that is also where you fix any mismatch between the max on both engines (when they don't slide backward, that is). Pretty sure there is an FAQ on that, too. On my 240AR (same year), I usually max out at about 47 (though I have made it up to 52 once, probably with a tailwind, etc.).