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I'm not a fan of pertronix

Power Steering cooler If your old impeller was missing bits, they may be plugging the PS cooler

Did you measure water flow? Did you back flush the PS cooler?

Start with the basics. Clean all the connections Use a volt meter to find where the voltage stops. Being a car mechanic that should have been your first thought

Coils get to 150-180 degrees . To hot to touch, but their normal operating temp. Bolted to a motor in a car/truck they get over 200f

Bad condenser or full battery voltage ( vs the 9 volts post resistance wire)

Prybar. Then remove the rust by either: Soak in oxalic acid. Sandblasting

If you can get the correct sized EPDM O-ring. Install it and go boating

File the points (removes corrosion) Rough gap the points Use a dwell meter to set the points to the proper dwell Set timing

The floor is the last to rot after the stringers and transom. The foam is most likely waterlogged. Surprised your boat made it 37 years.

Thinner than you would like when you sand thru it....lol. however usually like Ted stated

Most likely coupler is out of alignment. You could also be overheating

Did you hook everything up? Did you clean the connections

Walmart filters are simply private branded and are the economy WIX filters made in the champion laboratories facility. Wix is still a better filter

Just an FYI, I had 3 props on board for my 3.0. a 15p for trolling and watersports. A 17p for general boating, an 19p for cruising with 2 people. No one size prop for small motors

Idle mix screws are usually out between 3/4 turn and 7/8 turn on a Holley and a bit more than a turn out on a mercarb Idle speed is a different screw

Get the inline test adapter and a fuel pressure gauge and test

You guys in Australia have go-fast parts for the V6 that we don't get here. If your looking to ship some V6 parts, let me know..... Lol. The V6 will fit my next project better than the V8

So during your rebuild, sell the 3.0 and 2:1 drive for $800 and buy a 4.3 and 1.8:1 drive for $1500

Most likely your lower shift cable is toast and sticking in its sheath