As you go up in altitude the boost will slowly increase to 15-16lbs. Yes shortening your wastegate will increase your baseline boost. Approx 1 turn per 1lb boost. Make sure to not increase it too much. My guess is it is set fine and you are seeing lower numbers because of the compensation. Also, yes, those gauges suck. Hard to beat the mcx display for getting accurate numbers and datalogging.
GL