If you use the 3-5 inch value below the hull and the depth of the hull for a typical boat, you will be about 10-12" beneath the water surface.
I suspect Kappy is correct regarding the 20" shaft. On the other hand, if you can get an adjustable mount, more options are available.
The challenge is that some boat builders put a rocker shape on their hulls. This sets the transom high out of the water. You want to examine your boat before you buy the outboard.