Derek,
For what you have and for what you paid, 36 mph is fast for any boat, and certainly so for a 1990 model production bass boat.
A real avid bass fisherman that has a 50 footer he lives on next to me in our Marina in Galveston Bay - also has a 20 foot Triton that he says will do 50 and (for a part-timer) he has won more tournaments than anyone I know of around here. A lot of people come around to ask - and his comments are always the same - "Get a bass boat for the right reason - fishing. If you want speed don't get a bass boat get a racing boat and you can save all that money on fishing gear for that stuff that goes in your gas tank. Fish don't know or care how fast you boat goes or what kinda motor you have."
For comparison, the world record (link below) for a 150hp outboard bass boat is 92 mph. And that is on an Allison boat - who builds their hulls with hull rigidity and strength as a paramount goal. You can buy an USED Allison XB-2002 Bass boat for between $35 to $40,000 (based on location and condition). New - these babies are totally out of reach financially for the average bass fisherman.
What you may not be aware of is that the hulls shape, design, weight, balance, and rigidity, has a huge impact on speed (or maybe I should say - lack of it). This is why so may boaters are terribly disappointed when they go out and buy a new motor with 50 more hp - and end up gaining 5 mph (or so) of speed.
In my opinion, you bought yourself a great boat, most likely at a great price - it runs, and at 36 mph seems to run pretty good - you should be thrilled! About the only thing I know of you could do (if you are that concerned about it) is check your prop. There are different props for thrust, power, and speed - most production boats and outboard motors (no matter the age) come with, and still have a middle or the road prop. For little money, you could get a speed prop - it will probably do as much as another 50hp.
As far as your steering goes, just check out your linkage or hydraulics, change out fluid and pump (if any). It is after all a 20 year old boat...
Happy & Safe Boating,
John
http://boatwrights.org