On my SN the impeller isn't tight on the wear ring. How do I fix this?
The wear ring is the plastic or stainless steel housing around the impeller. Its like a shroud on a fan. It forces the impeller to pull and push rather than blow outwards. Per the superjet manual impeller to wear ring clearance should not exceed .02 inch or .4 mm. I figure your guessing at the gap because of the range you gave.
Now let's talk more about wear rings. If its plastic, then the wear ring is the wearable item. Some skis came with a stainless steel wear ring and in that case the impeller typically is the wearable item. It could have either because it's most likely been changed at least once.
Plastic is preferred by those that ride sandy conditions because you can change the lwear ring liner out yearly for 30 bucks. People who don't ride in sandy conditions normally prefer stainless because it last a long time. The problem with stainless is salt water can cause it to swell and sieze up the impeller.
Even if the impeller to wear ring clearance is fine, the impeller could be damaged to a point that it doesn't work effectively. It would have to be pretty messed up to do what you describing though.
You could also be sucking air from the pump cavity or bilge also.. There is a seal in front of the pump that seals against the pump shoe. If this is damaged or missing it would have a similar issue to your description. Your midshaft is to be sealed as well so the impeller can't pull air from the bilge.