The last option then before looking to replace the wear ring is to replace the pump seal. That impeller should actually spin up a lot faster than the Skat you had on there due to it's much lower pitch. The way to tell if your impeller is cavitating or not is to try and pay attention to your jet stream. When you are at low speeds, just past idle to keep you standing, quickly go to full throttle for 2-3 seconds, that will be long enough to get the impeller really spinning but not long enough to get you fully planed out. Try to pay close attention to the bubble trail...if the bubbles are coming up looking somewhat large, say from the size of a marble and up to golf ball sizes, then you are boiling the water which is severe cavitation. If the bubble trail is more like millions of little bubbles like a carbonated sody pop, then there is no cavitation. The point here is to determine if your pump seal should be replaced or not...that would be where I would put attention into now. You have a new wear ring, you just need to install it yeah? If you install it anyway just for good measure you might find it to be a bit of a pain to compress where you can seat your pump onto the alignment pins...that will mean it is going to seal. If the old one will allow the pump to just slip into place with no compression needed, then it probably should be replaced. My ski went through this too and I thought the same about my seal. It looked to be in good shape but when thinking about it, they are an expendable item and do wear out, and mine was the original one from 1996, I think 20 years of service permits it to be retired lol. They probably will not last as long as they once did too when you start hopping up your ski's performance. It is just that much more thrust they have to deal with.