Using a pressure washer, especially of that power, will take the bottom paint off yes, but it also will cause harm to your gelcoat. The amount of working it takes to get the paint off is means there is a lot of high pressure water being forced over the gelcoat. What ends up happening is water does get forced into the tiny pores of the gelcoat and it builds and builds the more you use the washer. Of course once you get all the paint off the boat will look good, but the thing is you have now forced in under great pressure, moisture in the gelcoat and in the coming years you will get osmotic blisters begin to develop in the areas you pressure washed.
I would NOT use the pressure washer. Myself I have stripped a hull using peel-away with good success. It was a major pain in the butt and after doing it, I told myself I would never do it again.
No matter what remember this: "The best tool of bottom paint removal is, your wallet!" Pay someone to soda blast the bottom paint off. It will be the easiest, fastest and most hassle free route to take.