Every motor and boat combo is different. If you’re looking for a little less draft, start with the motor flat on the transom. Run the motor and note whether it ventilates or does anything untoward while operating, particularly if the motor is turned sharply at speed.
Cut up a couple of cheap yard sticks into 8-10 inch sections. Place one under the clamp bracket and go run the motor. Again, note any ventilation issues or anything else that isn’t supposed to happen. Place another stick under the motor and repeat. Continue until the propeller ventilates.
Keep in mind that you must maintain a firm clamp grip on the transom for safety. If the clamps run out of transom before the motor runs out of water or sucks air, consider adding a bracket to safely facilitate higher mounting position.
Also, keep an eye on water output as some motors may not pump water properly when the motor is raised on the transom.