I'm new to this forum so please excuse any screw ups. I've recently purchased a 22' cruiser with GM 228 hp 305 V8. The boat had sunk in 4 feet of water because of heavy rains over a period of 3-4 weeks. The prior owner told me once he was notified the boat was sitting on the bottom he immeadiately went and got the boat out of the water, dried it out, drained the engine of oil / water and refilled, ran, drained, refilled, ran, drained, etc. The boat then sat for months while he was having the upholstery re covered. The boat actually sat for months until I bought it. When I got it I attempted to turn the motor over with the starter, it wouldn't turn over. I removed the top of the motor to get a look at the heads, cylinders, rockers, etc. Once the top of the motor was off I noticed 2 cylinders had light rust which I removed with penetrating spray and a plastic kitchen scouring pad. The motor now spins freely. In turning the engine over (by hand) I noticed one lifter does not travel out as far as the rest, actually, moves very little. I pulled the lifters out and they all look okay with the exception if the lifter that moves very little. I can't get that lifter out! I assume that I have a problem with that lifters cam lobe and maybe the bottom of that lifter is burred up and being prevented from clearing the bottom of the lifter cylinder....But, I am no mechanic and bought the boat as a project. Any advise or simular problems and how you delt with them would be greatly appriciated.