Ryan -
I have an 06 VLX, and have had the V-Ride smeader talked about, 03 VLX. I have had 10+ with thousands of ballast in each and it's just placement and distribution. If you slam the back, slam the front and mid - learn how to drive with that many people and stay safe not chillidipping and you'll be fine.
The Power Wedge @ 3/4 is perfect, always tune with the amount of weight and people/gear and your placement, but I'd count on having more than stock to actually create a wave to ride with height and weight. Check out this article on weighing your exact boat, without the power wedge (manual). The stock ballast is just not enough to get the job done.
Check Out This Article There is also a lot of videos and pics of your model boat, and others with the Power Wedge there to help you in your weight issues.