not unless your in a performance hull.
mercury does have special lower units such as the sportmaster. And titus and bob's do nose cones for better performance, but you have to run the engine higher to get it. And a nose coned lower unit could actually slow down a boat unless it's running over 80mph.
Nosecones allow for better handling at higher engine heights, and keep the engine from "blowing out".
About the only thing i've ever found that MIGHT help is to sharpen the leading edge of the skeg. this reduces drag. but, again only on a fast hull.
If your trying to get more mph out of an efi, try boyseen reeds, up the rev. limiter, and solid engine mounts, etc.
Best bang for the buck is to have the propeller blueprinted and work on the SETUP of the boat. That's what i do here.
Or just buy a bullet with a 300xs and rock and roll!
