I recently bought this boat for a steal of a price. It is a '72 15' Glasspar. Definitely a cool looking boat worth a little elbow grease.
The 72 Chrysler 70hp (707HE) on it allegedly ran but was running a little rough according to the previous owner. I figured for the price I was paying if it ran at all I would call it a victory.
I got it home and it started right up on muffs. I checked the compression and the compression on the top cylinder was fine but the bottom two cylinders were very low. I checked the head gasket and it was blown between the bottom two cylinders so I am assuming that is the cause of the low compression. The pistons and the interior of the cylinders looked fine from a quick inspection. I am getting a new gasket and see if that fixes the compression.
However, I noticed some damage to the outside of the middle cylinder (see damage on the left side of the cylinder in the picture below). There is a chunk of metal missing. I don't see any damage at all to the inside of the cylinder.
My question is: Is this something that will cause problems and will it have to be fixed? Or since the damage is only on the outside of the cylinder will it have no effect?
Also, what could have caused the blown gasket? Is there something I should take a look at before installing a new head gasket? I don't want to install a new one only to blow it again right away.
***It is probably worth noting that the damage on the cylinder does not align with the damage to the gasket.
Any help is appreciated!

The 72 Chrysler 70hp (707HE) on it allegedly ran but was running a little rough according to the previous owner. I figured for the price I was paying if it ran at all I would call it a victory.
I got it home and it started right up on muffs. I checked the compression and the compression on the top cylinder was fine but the bottom two cylinders were very low. I checked the head gasket and it was blown between the bottom two cylinders so I am assuming that is the cause of the low compression. The pistons and the interior of the cylinders looked fine from a quick inspection. I am getting a new gasket and see if that fixes the compression.
However, I noticed some damage to the outside of the middle cylinder (see damage on the left side of the cylinder in the picture below). There is a chunk of metal missing. I don't see any damage at all to the inside of the cylinder.

My question is: Is this something that will cause problems and will it have to be fixed? Or since the damage is only on the outside of the cylinder will it have no effect?
Also, what could have caused the blown gasket? Is there something I should take a look at before installing a new head gasket? I don't want to install a new one only to blow it again right away.
***It is probably worth noting that the damage on the cylinder does not align with the damage to the gasket.
Any help is appreciated!