Spacer on the limiter would have same effect...as bending it out...
Which ryobi you running? Single or Twin ring ...that makes a HUGE difference...
Much more compression with the twin rings... easy to see, just pull the muffler off and look in the exhaust port at the cylinder.
I get awesome performance from mine just with high flow muffler from
www.wackerengines.com.
Lower the back pressure and toss the stock muffler...
Here's a short video of my Ryobi pulling 18 lb Big Pink around...with smoke..on my web site..
Bambula 18x8 prop...
http://www.crazyherb.com/BigPink/bigpink.htm
CrazyHerb