Ok I have a 1986 merc 4.3 alpha 1 18 ft Thursday I tested my new prop spun around the lake top speed for 1 min about 4 times to test the prop went in all was well .<br />Today we went out stripper fishing and 5min min into it we throttle up and I notice a noise kept going then I noticed it a little loader we slowed down it was a knocking noise /ticking (lifter) noise.<br />I panic and thought it was the out drive then a put the boat in neutral and rev the engine and heard a tick/knock so I backed off the throttle to 800rpm and the noise was gone.<br />Then we trolled at 800 rpm there was no noise so we went fishing for 2 hours at 800 rpm then cutting across the harbor I gunned it a bit 2500 rpm the noise was loader I then backed down and then even at 800 it was knocking bad and sounding like a squeaking pulley but the noise was over the valve cover /lower block but I was not a constant tick like a lifter or a knock like a piston. <br />When I got home I put the boat in the lake rev it a bit it was sounded real bad at idle and notice hot water leaking near the back of the manifold or block onto the starter it was very hot water can anyone tell me what they think may have happed hope its not the engine ps took the right side valve cover off all seems ok I may take the other side Monday to see if its a bent push rod. I will wait to have a mechanic after I see your advice. I will reply to any advice asap i need this fixed fast and give more info if needed