1979 Sea Ray with rebuilt 5.7L Mercruiser and factory rebuilt Alpha 1 outdrive runs at normal temp at idle and low speed operation. When put under a real load, the temp moves to the red range and water accumulates in the bilge. After backing down to moving at slow speed, the temp slowly moves back into the normal range. Back in the driveway using the muffs on the outdrive, I can't locate any water entering the bilge. Any ideas?