Okay, so False Alarm. I guess, in my excitement and haste, I didn't completely insure that the throttle was in neutral. I know - rookie mistake, eh?! So I had a few minutes this evening and that exact thought had come to me last night, so I thought I'd check it out, especially since the starter is new and it was cranking when I shorted the slave solenoid terminals.
Anyway, I'm still not seeing any fuel being pulled into the LP pump, nor is there anything happening when I open the LP Schrader valve. However, the HP Schrader valve does eject a bit of air when I open it, after each time I crank the engine.
So I think I just need to spend some time doing those tasks we talked about earlier: filling the fuel filter with fuel manually, recycling the LP pump 10 times, releasing the pressure until fuel starts to come through. Lather, Rinse, Repeat.
I'm contemplating next steps now (optimistically!): I think it's basically: get a boat plug and trailer it to the water, eh? Okay, just kidding. I know there's lots left to do with the steering, the tilt, and the outdrive. I will test the water pump, steering pump, and alternator, first.
I'm still interested in hearing comments about that rusted freeze plug that I mentioned in a previous post: "Also, I found that one of the freeze plugs (port side, middle) was VERY rusted, and had a big sign of rust dripping down to the bottom of the crankcase. Is this a big problem for marine engines? In other words, does the engine typically have to be removed in order to replace a freeze plug?"
Till we talk again...
-- Jeff