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You should get use to it in short order with practice. Find a place with even a buoy out by it self to try.
You can walk a boat with a Be sideways with the right technique. Say you want to go starboard. Come up along side and mostly stop. Turn helm full to port, put in Rev and when boat starts...
Not necessarily water got in you need to get it out. Change the oil and use a drill to dun the oil pump to push oil thru the bearings. Some oil will also come oil the lifters but that's ok, rotate the crank a few times. Need to get the water out of the bottom of the pan so the oil pump doesn't...
Hey @Bondo the first post shows a a bunch of milk under the valve covers and he had done some hard running with it.
Most the valves look steam cleaned, and plugs 2, 8, 1, 3, 5, 7 look steamed as well
Oil color looks ok because oil floats to the top
Welcome
A 4 blade prop has more drag than a 3 blade and the rule of thumb is 2 inch pitch drop. While the the 4 blade will provide more lift it looks to me like you need more HP. Max HP rating for your boat list 150, so with 115 your at the lower end of it
As others have mentioned its most likely the prop shaft seal. Look online for a bore scope type camera that connects to your phone. You can then get it tighter places to look
Do not use ANY automotive ALT on a boat, they are not ignition protected. Using one can cause an explosion.
You don't have to use a VP ALT many make marine equivalent types