Re: Looking for specs...
well, if she didn't overheat on the way back that'd be good. good because slipping could be the coupler going south. that'd be bad. if it wasn't overheating. that'd be good cause that could lead ya to think that the coupler is still good. thereby still turning the waterpump. the slipping at that point could come from a spun prop hub. scribe a line on the end of the prop shaft. the part that splines to the prop shaft. + the prop. give here a test run. then go look at your lines. if they ain't lined up any more. it'd be a spun prop hub. or if ya got another known good prop ya could do it that way also. could be internal gears too. that'd be bad. drain yer drive fluid and see if it has any metat shavings in it. if so. that'd be bad. hopefully not and it's just the prop.
here's some info on the milky oil.....
http://www.boatfix.com/merc/Bullet/01/01_13.pdf
when my oil turned milky, it was from a bad manifold and riser..... 1st save the engine. get the water out of it for sure.... real fast if it's salt water.... pretty fast if it's fresh.....
don't be discouraged man. it's a boat... sounds like it's treating ya like a b.o.a.t. break out another thousand..... i know it hurts. but its the way it can go sometimes.... hang in there. sounds like ya've done much to it.....