Firstly Ian (Finding time) and Stue are correct.. Also note the every boat is different, every motor is different and every prop is different.. So finding the sweet spot can be time consuming....
Now in regards to the pictures I posted, the boat in question is a 19ft Sea-swirl with a 3.3l 200hp E-tec, by the looks off it a 21deg dead rise..... Now if you take a look at the outer edges off the cav plate, they are below the line off the hull by approx 2"..
So in theory as the boat is cruising its cav plate is going to be under water.. Thats not good, the cav plate needs to be above the water whilst at cruise speed... So the owner is going to raise the motor 2 holes to start with then test,, and if the Cav Plate is still under the water at cruise, he is going to lift it again
Read this article for a much better explanation,, http://www.veradoclub.com/smf/index.php?topic=137.0
As for your prop cavitation while your cornering, well that is going to happen if your not trimming in your motor before you corner in... It sounds like you rig is set up spot on, 1" above is the general starting point, then you make adjustments from there. Different props can run higher in the water then others, so that need to be accounted for when fine tuning your set up.. Also the gear casing makes a difference also... Merc gear cases can usually run higher then any other brand.... The E-tec gear case is better then the old Ficths, but not as good as the Merc's....