Ayuh,..... Marine cirulatin' water pumps usually have a cast impeller, rather than a stamped steel impeller,.....
Scott is steerin' you straight,.....
My take on the boat motor Vs car motor is it's somewhat overblown, like most internet memes,....
The biggest thing is you don't want a Hot...
Ayuh,...... Welcome Aboard,...... Stringers are the structural pieces that run lengthwise under the deck, 'n bulkheads run crosswise,...
They're usually a plywood core covered in fiberglass, like the transom, the plywood rots away, leaving a weak structure,.....
Lotsa great info on such...
Ayuh,..... Welcome Aboard,...... I'm guessin' that's ablative bottom paint, so no surprise it rubs off on yer hand,....
It's a controlled loss paint,.....
As for the wet spot, that'll take more investigation,.....
Ayuh,..... When I rebuild an old boat, the 1st thing I design is an easy way to get to the motor,.....
On yer boat, I'd figure out how to easily remove the lower part of the motor box, 'n seat bottoms,....
Ayuh,..... I do like nola Mike,....
Pull the water off the bottom, let it separate, 'n salvage the gas off the top,....
Also agree, nothin' will "Fix" bad gas,....
Ayuh,..... Welcome Aboard,...... What carb is on it now,..??
What carb was on it before,..??
Does this motor have a block mounted mechanical fuel pump,..??
Ayuh,..... Welcome Aboard,....... What sorta part number,..??
If a 305 Chevy, Cobra drive,.....
From lookin' at the pictures, yer lookin' at 'bout $10, grand before ya go for a boat ride,......
Ayuh,.... The inner post, the yellow/ red wires, is the power from the keyswitch, it goes key, neutral switch in the control, to the slave solenoid, probably on top of yer motor, to that post,....
Is the slave properly wired,..??
Ayuh,..... There's a good chance of burnin' up the rubber parts downstream in the exhaust system doin' that,.....
If you poke the drain holes, you should be good,....