Great discussion - agree with the general direction of everyone's thinking. They key to it is likely the considerably increased drag experienced by your Huki just from that 0.5knot extra speed v's the proportionally less extra wave energy offered by the sailboat wake.
Looking at Uffilation's attached chart, that kayak generates about 40% more total drag from 7 knots to 8 knots, and the charts published by
www.oceankayaks.com suggest around 25% increase in drag just going from 7.5 knots to 8 knots for a low drag 17' kayak. Given you were riding a racing sailboat wake, probably just below its theoretical hull speed (~8knts), the wake energy is not comparable to a cruiser or commercial boat, so while the wavelength is opening out, the extra power in the wave (height) is less than the ski needs at the higher speed.
Even being quite slender, the ski is working at a higher + steeper point on its wave resistance curve than the yacht, just based on waterline length. And to Aurelius' point, gaining that last extra 0.5 mph (+7%) might well take 15% more muscle power, which is a painful lot!