I am in the process of repowering now with a 115. The outboard shop looked at my CD22 and asked me where my rating tag was. I told them that any boat over 21 ft does not have a rating tag requirement, and/or a max HP limit.
The outboard shop owner called the state of Colorado boating compliance officer, and he responded that boats over 21 ft do not have a maximum HP rating, and do not have a requirement for a capacity tag either.
Good thing, too. Since I'll be regularly boating at elevations of 6,000 to 9,000 ft, I'll be needing that 115 HP. I was advised that even with a good fuel injected engine and the right prop, I'm still gonna lose 20% of my power (which is why I got a 115 to replace the 90).