You are correct that the hottest part of a "blue" flame is the tip.
If it's burning with a "yellow" tip there are unburned carbon atoms present. The burner will be producing soot and it needs more air; however, too much air means that you are heating up excess air and that's also counter-productive.
Ideally, you should start off with too much air and then slowly reduce the amount of air intake until you get a very faint tinge of "yellow" at the tip of the flame.
As a general rule, with proper adjustment, most gas rings will run on both Butane and Propane.
The calorific value of Butane is higher than that of Propane so per cubic metre of gas it will produce more heat.
However, the Boiling Point of Butane is only -4 degrees celsius. A cylinder of Butane will stop boiling off sufficient gas to run a gas ring when the ambient temperature drops below about +4 degrees. In other words, in the UK using Butane outside in the winter is a waste of time.
The Boiling Point of Propane is at -44 degrees celsius so it will keep producing gas from the cylinder in all UK conditions.
In answer to your original post, if you can drop the level of your boiler to just brush the tips of the flames you will get more efficiency because the flames will be impinging directly on the metal and less heat will be wasted on heating up air that then escapes around the edges of the pot.
Hope this helps. :thumb: