that is freeze damage to the manifold, those are inside wall pieces from your manifold. I would do a compression test on the motor and a cooling jacket pressure test as well.
get a new set of manifolds and elbows on order. only buy mercruiser or Barr. dont buy GLM or Sierra
I would call Pioneer and ask if they are close to charted dept. If I remember tonight, will ask a few friends that live off of 'bago
https://usa.fishermap.org/depth-map/winnebago-lake/
first, welcome aboard
second, dont focus on rust on the motor at all. all raw water cooled motors have rust. same goes with your trim pump and other things. buy a can of boeshield and move on.
your focus needs to be on why you are taking on water. since your boat is 25 years old and was...
dont buy old fiberglass boats unless you like doing fiberglass work
any fiberglass boat below $5k should be considered a project boat
as stated above by JB. if the floor is gone, your transom and stringers are long gone.
any boat conversion will always cost 5-10x what you think. and trying...
they said the same thing about every car from the 60's and 70's. and most of it was true
plastic in an automotive interior lasts about 5-6 years. in the engine bay, about 5 years, on the exterior of the car, 5-10 years.
Welcome aboard.
It would help if we knew what vintage drive you are talking about. the old stringer drive and electric shift drives can grenade a section and not take out the other section. however the newer drives will share debris
I would suggest looking in the yellow pages for OMC service...
no, 1995 should be the AQ series, most likey an DP-C (290DP derivative)
the SM is a different animal, however the lower is similar in both design and shape, but NOT interchangeable.
if your thermostat is stuck open, the motor will never get to operating temperature to burn of condensation.
change the oil a few times, fix the thermostat issue and then take the boat for a good run at temperature.