A Raven II will easily do 110kts especially if you push through the bow wave and hold it there steady i.e. level off within 5 minutes on take-off rating and allow A/C accelerate, then gently reduce power to max cont - you'll find she'll cruise a tad faster (extra 5-10kts) but the trick is to hold her steady otherwise you'll lose the advantage as the bow wave builds back up. I was was introduced to the technique by a fixed wing bod.
On my own (I'm only a lightweight) I can get 115-120kts cruise out of a good clean Raven II.
As for APS - 1520lb is about right for Raven IIs with night kit, 1460lb for Raven I and Astros.