My Hunter 30 displacement is 9,700 lbs and it has a Yanmar 2GM that’s rated 13HP at 3,400 rpm. I like to run it at around 2800 rpm and at that engine speed it will move the boat at 6 knots in waves 2 ft or less. Into a 25 knot head wind and three to four waves, it’s going to do around 4 knots. For my purposes, really just fair weather day sailing, it’s fine. If I was cruising in all weather, I might want more power. 16HP is probably adequate for your 8,500 lb boat.