I'm assuming its an IC engine? what size are you using?
as a general rule the bigger the engine the faster it will go i say that loosely as i have seen small engines cane large ones in similar size boats.
Tuning your engine is important it will not only aid in extra rpm it also will help the engine , you shouldn't run an ic to rich you will want to lean it out via the fuel mixing needle(S) ( they will be on the side of the carb) you may have one or two needles ,, if you only have one you would be looking to tighten it so its about 1 turn out from tight but i would suggest you take its current position and carfully tighten it 1/4 of a turn and try the engine , and keep doing that 1/4 of a turn until your happy that the engine is working well and not stalling flat out,, if your stalling flat out or its struggling you know you have turned the needle to much
if you have 2 needles for tuning one will be low speed other other will be high speed ( central needle is generally the high speed tuning needle. but check the engines instructions)
in the case of 2 needles you will want to do the same as a single tuning 1/4 tight to low speed and get boat up to mid range speed then bring in and do the high speed needle do each needle one at a time
check the engines not struggling or stalling if its not it will work fine and faster, if the engine is getting way to hot .. you should make sure your water cooling it but if its still getting extremely hot you will need to richen up the mixture opening the needles to let more fule/oil mix in its a balance of this mixing that will give you max rpm and a good running engine.
you may need to adjust the IDLE screw on the carb to allow the engine to idle on the new settings once you have setup the tuning. if your unsure about anything DONT do it engines that are setup wrong can blow the cylinder heads of , or worse..
you could ask a local club member to aid you in setting up your engine you only learn by watching someone who's done it to be honset.
also a poorly tuned engine will go through plugs regally if not burn out every run
a well tuned engine will sound like a extremely high pitched whistle so it gets louder!
to help with turning i would suggest a bigger rudder and a faster high torque high speed servo .. but your racing a boat that i believe are setup to turn one way depending on the track .. either left hand or right hand turns i am not sure on the exact setup for the racing boats, i can only assume that if you wont to go left and right you add 2 rudders one either side of the prop
as i have said before i have little in fortmation to offer on the racing boats but i have had experience with ic engines in both boats and cars
so i hope you find this info helpfull but I'm sure i will get corrected on many things in regards to your boat all i CAN SAY IS ..i don't race !!