Just bought a 1991 Sea Ray 170 with 3.0 Mercruiser. Took into shop and they Replaced carburetor,(Told me gas was getting into oil), new spark plugs, changed oil, new bellows and gimbals, fixed u joint and few other things. Took boat out on the water and when driving the boat it didn't take on water but boat was sitting it did take on some water. It ran great and about 30 minutes in it seemed like the engine bogged down. I took out of water and checked the oil and it was milky gray so I assumed water was getting in the oil. GREAT!!!! took spark plugs out and they seemed little wet. When running the engine there is no water dripping from the engine so I would think its not a cracked block. I did compression test on the cylinders and all cylinders were at 150 so I assume its not a blown head gasket. I have read that the exhaust manifold has a flipper on it that stops the water from rushing back in and that flipper after a period of time can melt away. Let me know what you think? I'm new and don't really want to fork out to much more and would like to fix myself.