You sure that you have a VP set up in an '88? Because the only way I have ever seen them, is with either a Merc or OMC drive set up. And, because OMC owned F/W at that time, most were sold with the OMC Cobra....
Some one may have dropped in a Chevy engine that was from a Volvo powered boat....but I bet you have either a Merc Alpha or OMC Cobra drive system...Not Volvo....unless someone updated the Cobra....to a Volvo SX....unlikely given the age of the boat and the cost of doing it....
To answer your question, they came both ways, 2 bbl or 4 bbl. Each has its own manifold. So if there's a 4bbl on it now, only a 4bbl will work without changing intake manifolds. If the old carb needs work can you get it rebuilt? If not consider an Edelbrock 1409 marine carb. Ignition, there is not much to upgrade. If its a Merc it will have the Thunderbolt system which is a good OE system, if its an OMC it will have a points distributor with mechanical spark advance. These are very simple to work on and all it may need is a new set of points & condenser. Other ignition related issues are worn/fouled spark plugs, old plug wires, corroded cap and rotor.....
Make sure to check the whole rest of the fuel system, esp:
1) anti siphon valve on the tank, this was a problem on my F/W because they used a cheap aluminum one that corrodes, use a better quality Johnson/Evinrude OE one.
2) marine fuel filter (water separating filter) check for water/debris
3) if a Rochester Q-Jet carb, (4bbl) there is a small filter in the carb inlet that can clog, if the bigger filter was not maintained
4) gas tank vent
5) fuel pump