Set it on the transom sticking down about an 1/8 of an inch below the pad. Mine reads at high speeds very good.
This is correct. My guess is the transducer on kIrdydog's boat is just a hair too high and is not touching the water once he is on plane. If there is any cavitation (air bubbles) once he is up and running it will not read properly.
The one in the pic I posted above may read okay but that close to the pad will scrub 2-3 mph off your topend speed. Also it can interfere with the water flow coming off the pad to the prop and cause handling issues, kind of like the motor mount issue, but we know how much drama that post caused.
This may not be noticeable on a 60 mph boat but when you start pushing the envelope of the upper end of your boat's performance it can have an adverse effect. I don't know too many guys that want to do anything to lose top speed on their boats for no good reason.
If you mount it about a foot to the right, it does two things. It keeps the water to the prop "cleaner" thereby allowing your prop to run more efficiently with less slip. It also allows it to read up to 30-40 mph. Once your speed increases and the strakes on the hull start to lift the boat as you trim up, that portion of the pad may not be in the water causing you to lose your reading.
Anything hanging below the bottom of the pad will scrub speed off your boat. That may not matter to some.
This is the probably why we say,
"When my boat was new it would run 78 mph but now it'll only do 70" It is because we have hung 2 transducers, 80# of Talons, added a 4th battery, put an 80# trolling motor on the bow, and cram 200# of soft plastics in the front compartments.