"At 800 rpm, according to Cummins, it produces 58 hp. So, how much power should I be applying to set the anchor?"
While the engine may be able to produce 58 hp the prop at probably 400rpm (2-1 red) will be putting 5hp in the water.
Our method for a power boat is to stop the boat let down the anchor as we idle ( yes 4HP ) in reverse .
When 3-1 or 4-1 scope is reached with out nylon rode we snug off and feel the boat dig in and stop.We then release the rest of the scope , and if there is wind or current , feel the boat check up again.
We then set by hand the stern anchor 12H or 20H Danforth , lead to the foredeck.
Turn on the BIG anchor light and have a brew in the PH.
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