Re: 5.5Hp 1961 SeaHorse -Water Pump Not Working
I would probably do the following first. Try to connect the garden hose to the copper tube that goes up into the motor. You may be able to seal it enough with just your fingers and if water is coming out of your exhaust ports then you know that the cavities are not completely clogged. I would also fire some water down the pump holes to see if it flows out the intake screen, etc. to verify that no obstruction got in there. Now if you inspected the motor's pee spray before you turned it off, when it was overheating and it was spraying water, then the above test is most likely redundant.
I would then inspect the thermostat. It is located in the little triangular section right above the powerhead. It has three screws to remove. In your case the thermostat would be either clogged up or it has failed closed. To verify a failure you could put it into some water in a pot on your stove. Heat it up to around at least 145F and ensure that it opens. If not that is your problem and replace it.
If the two above tests are positive then I would focus on whether your impeller has the pin properly in place to turn it or if it has disconnected from the brass center. Now personally, I wouldn't really care if the impeller did disconnect from the brass center (except it would be very good to know) since if my motor overheated and I went to the trouble of lowering the lower unit, my motor would get a new $12 impeller, whether it looked like it needed it or not. Now, if all things are a go here, I would suspect that the copper tube must have come out of the rubber grommet (inspect that grommet very carefully as well on the pump housing). When reassembling a lower unit on a 1961 5.5Hp you need to manually place the copper tube into the pump grommet. It will not automatically align by itself. I also shine a flashlight back down the shaft from the top to ensure it is in. If not the powerhead gets no water.
When you eventually identify your overheating problem, I would probably want to test the compression of the motor now to see if the overheating caused the cylinder head to warp or damaged the head gasket. Compression should be around 85psi plus or minus 10, and more importantly it should not vary by more than 10 psi between the two cylinders. If your compression is off, let us know and we can probably help you fix that as well.
One last thing. Before my motor would be reassembled, I would get a new exhaust gasket OMC #313065 or Sierra 18-2901 (about $5) and a new crankcase seal OMC#303355 or Sierra 18-2892 (not sure the price but not expensive and extremely critical to protect the motor) Good luck.