Thank you for the replies. I was not specific enough in my original post. I am familiar with prop walk and prop wash and how to use them when docking/undocking and at low speeds. My oDay 27 which I have been sailing for quite a few years now can be turned in her own length using the techniques described above.
This is not that.
What I really meant to describe was:
At high forward speed (gets worse as speed goes up) and high power if I were to release the wheel the boat will execute a hard turn to port and the wheel would spin to port.
PB, my guess would be that the diameter of your prop is too big. Also three-bladed props do this more than do two-bladers. The matter of prop walk is exacerbated by more blades and/or more diameter (pitch doesn't seem to have as much effect). The prop blades' attempting to 'roll' or 'walk' sideways (to the right, at the stern) is given more 'bite'.
You might try reducing the diameter and increasing the pitch. That will lower the RPM (reducing torque) and reduce the blades' leverage (arm and moment) and tendency to prop-walk.
Also, you might tighten the steering cables. If there's any slack in there, the prop walk may read that as free rein (literally, like with a horse) and take up the slack (also literally).
I would NOT tighten the steering-wheel brake, as that will only lead to more frustration for you and wear on the system. That's never more than a temporary fix in any situation.
If you have an autopilot with a SEPARATE cable set, you might try setting the autopilot to see if the problem is the same. If it is, I'd say it's the prop. If it's better, inspect the tension of the main-steering cables.
Correcting the wheel by one or 1-1/2 spokes (not the space; I mean the diameter of the spoke itself) to starboard is pretty normal. Much more than that indicates a serious problem.
Independent spade rudders (no skeg) should include about 18% of their area forward of the rudder post (given a vertical or near-vertical rudder shaft). It is the same for the area of a fixed skeg. As my dad designed that boat (and taught me that design parameter), I don't think a rudder with ZERO area forward of the post sounds original. If you're inclined, you might consider adding and shaping a hunk of foam to the blade and then 'glassing and fairing it over. It will help overall performance. Substantially more than 18% = it will hunt, side to side, and horribly. Substantially less than 18%, it may stall when turned more than a few degrees. No area at all forward of the rudder post would not produce the effect you describe; in fact the opposite effect would be the case - the rudder, left alone, would just follow along doing nothing actively. The fact that the boat actively steers itself to the left only when under power strongly suggests a problem with prop-diameter/RPM mismatch.