Well its definitely not right man, Im not sure how to adjust it but you need to for sure. My 99 E22 has a pretty linear throttle response, once Im in idle and starting to plane gently I can smoothly move the throttle to ~45 degrees and be cruising at 2800-3000rpms. WOT for me is at about 110-120 degrees past neutral, Im bumping the 6000rpm limiter with my new Acme 541 prop at that point.
Does the engine make a lot of power once you move the throttle past 90 degrees? Or is it sluggish?