I work with this motor and the last time I checked, 9.25 X 10 was indeed stock. I'm guessing the 8 pitch reference is a typo. I say "guessing" because I don't have the documentation with me at the moment.
I've tried both the 4 and 3 blade versions Honda has for that outboard and don't see much difference between the two at all.
Pitch is defined as the distance, in inches, the propeller will advance through the water while turning one revolution. This is subject to load and water density of course. But, generally speaking, yes, the 11 pitch is more coarse than the 10 and, theoretically, should provide a bit more "thrust" for the same RPM and that "should" give more speed over a given distance. I'm no guru here and the key words are "theoretical" and "should".
I think you could achieve more RPM and possibly more speed with a SMALLER DIAMETER prop. But, there is no "free lunch" as they say. What you gain in RPM and possible top speed you may lose in "bite" or "hole shot" and ease of planing the hull. It's all a trade off at best and finding a "sweet spot" for prop size and pitch matched with hull and horsepower is a trial and error sort of game.
The other part of the equation is the limited power you are working with. With the 20, you just don't have much to begin with and a BIG gain in speed might only be 3 or 4 MPH. When you consider the money a new prop costs, you have to decide if the money is worth the small gain available.
On the other hand, it is ALWAYS good to carry a spare prop on board so if you wanted to try a change, even if you don't meet your goal, you end up with a spare prop that could get you out of a jam someday.