Re: OMC runs hot only in water
There is a small tube off the impeller housing, it's there to let the air out of the impeller housing when drive is submerged, if it is plugged up or kinked it won't let the air out sorta like putting a straw in a glass of water with your finger over the end, it's a longshot but that's what the tube is there for.
Also the power steering oil cooler is the first thing the raw water goes through therefore the first thing that gets plugged up, but if that was the case you would have a problem on the hose too, let us know what you find.