So I did it! I cut 3 1/2" off the shearline of the boat. Starting at 128" from the transom it transitions from 0-3 1/2" over the span of 4 feet and leveling off towards the stern. I've included some pics of the boat that inspired this project. There's a video explaining the guys process on Florida Sportsman Project Dreamboat.
https://youtu.be/mwYNLp7HAZI?t=506 The link should start at the segment featuring the boat.