The suction pipe should never be smaller than the inlet of the pump, and if it is a long line, it should be one size larger than the pump inlet.
Find out what kind of pump you have. What make/model. A 1 1/2 HP pump with 1 1/2 inlet could be a centrifugal that would probably pump 50 to 70 GPM at low head, or 30 GPM at higher head, or a big shallow well jet, or even a multistage centrifugal. What you describe would fit one of the pumps sold as "irrigators" that might pump 30 to 50 GPM.
If the pump head is quite short relative to its diameter, it is probably a centrifugal. If it is quite long relative to the diameter, it is probably a jet pump. Find the model number on the pump and you can probably find the characteristics with an internet search.