Ask the boat owner WHEN it overheated, not IF. Ask WHEN it froze, not IF. Ask how long it ran while it was overheating and if he doesn't know, assume it was for far longer than is survivable.
The belt that came off- does that drive the raw water pump? If so, he cooked the water shutter in the exhaust if he was at WOT for any length of time.
Have you determined if it has any leaking valves/valves in wrong position or gaskets? Do a compression test on the bank that has problems.
Pull the lanyard or fuel pump fuse and harness from the ECM that controls the coil(s) and pull the plugs-
Connect an air hose to each cylinder (one at a time) and allow compressed air to enter- doesn't need to be full tank pressure (would probably keep it around 30psi)
Listen for where the air escapes- it may not (valves are closed) or it may come out of the intake or exhaust. Bump the starter and listen to any changes- if it never stops coming out of the intake or exhaust on those four cylinders, it may be a bad gasket or valve, although it could be a bad head/bolt. Repeat this for all four cylinders.
I went through an overheated engine that was run far longer while overheating than the owner said- he told me he shut it down immediately. He lied. Killed the water shutter, ingested water/bent a valve, melted both exhaust bellows, water pump upper, water pocket cover and plastic water tube. All because of a bad raw water impeller. In your case, the belt would serve the same purpose WRT the overheat.