I'm in full agreement with you. Based on my limited experience though, not sure if that is much an endorsement

I've been hanging around with some very experienced steam folks (some have been steamboating since the 70's), and what they keep reiterating is that the power comes from the boiler. The engine is just a means of transforming the boiler's power in to real work. One can drive a large engine slow on the volume of steam created or drive a small engine fast, the net horsepower will be the same. The efficiency of the plant is the ability to generate the steam in the vessel and maintain it's same temperature/pressure all the way to the engine's cylinder(s) for expansion. Any place the steam can cool even a few degrees is lost power.
I seen a Naptha launch at Henry Ford museum a number of years ago, the cylinder for that engine was up inside the burner of the boiler which was a ring. I thought they did that to save space and it seemed very odd. Now it makes a little more sense. The original Locomobile cars, the steam line is very short, the steam line comes out of the boiler and goes immediately to the engine.
Seems like shortening the cut-off or "stroke" as some refer to it is essentially decreasing the size of the engine, hence decreasing it's torque output. We ran "shorter stroke" on the tug last year, but it was at the expense of power. In other words we were compensating for two things: 1. A boiler that was not generating enough steam. And/or 2. Lack of insulation and heat loss, condensing the steam on the way to the engine.
Not sure how accurate this is, but this is the tack I'm going to take going forward.
-Ron