if life could be so simple. HP is a function of RPM and Torque. To make more HP the engine needs to spin faster, which is death on many of these small engines because they weren't designed for it. Likewise more torque means burning more air and fuel at the same RPM so higher compression and efficiency, or a larger displacement are needed. You won't get there from here without spending some money to turn that into a racing engine, next will be the blade speed so you'll be changing pulleys, next will be the transmission can't handle the load and heat......... You bought a package. That is my two cents, and my history includes some serious racing engine design and building.
Best thing you can do is make sure that engine is kept in tip top shape. Same for blades, tires and belts etc.. Also avoid things that make the world seem to be stuck in slow like too much coffee before mowing - that will help speed things up too.