Re: Cooling problems 6hp and similar
Yeah, there's nothing cheap about overheating an outboard. Big or small it makes no difference to the damage.
If you run without a thermostat, you risk cold seizure (piston heat expands until it jams in the bore) and lots of carbon, excellerated wear, etc. Do you go full throttle on your car before letting it warm up? It doesn't matter if the thermostat leaks a little. In fact it can help sometimes.
That engine's got some work ahead of it if it's going to run right. Obviously a new head gasket (surface that warped head!), water tube grommet, bottom main seal, water pump replacement and a new thermostat. Not so obvious is the collapsed piston skirts and perhaps the bottom main crankshaft bearing if that seal let go a while ago. I'd have a long hard look at that piston before choosing to put either back in service Really it will likely need a rebuild in order to get crankcase compression back to where it needs to be for it to idle well.
I know parts are pricey over there, you may be able to pick up the bearing and seal from a local bearing supply company though. In the interest of cutting corners to keep things cheap, if the compression is good you may be able to get away with it. But likely it'll never idle as well as before it was overheated.