Hey yall, this merc 150 has been swimming twice and is still going strong. Seems to be overcharging the battery as it(the battery) was blowing smoke after a 3 hour cruise. I worked on batteries and voltage regs at Sears in my college years and now run an ac business. Volt meter says 17+ volts at 2000rpm, the reg is watercooled. Anything else to look for? Thanks for your help.