My old '75 Overnighter came with a 135 hp Johnson. It ran a 15" prop and would cruise at 27 mph with a 35 mph top end. It could handle 3 people, but you really noticed the decrease in performance when I had 4 people on board. After that engine wore out, I repowered with a 140 Evinrude. I mounted it higher and used a 17" prop. I was never satisfied with the performance. They had re-tuned the engine to the top end in order to squeeze out the extra 5 hp. It would top out at 37 mph with just me on board, but it would dog out at cruising speeds with extra people. The pre-SV2 hull doesn't need as much power at the newer models.
I was amazed when I went diving with a guy that had the same hull with a 150 hp Johnson. It stayed firmly on plane at around 27 mph with 3 people and dive gear on board. But did that thing ever burn fuel! We went through 35 gallons on a trip that was not much more than 2 hr.
I agree that 200 hp is the best choice for even the older hull design. But 150 will do the job.