Ive got a 1994 5-7L gl VP sterndrive in a Chaparral Sunesta 220 w/ DP outdrive. At the lake for 5 days last week. 1st 2 days ran fine. 3rd day started overheating , got around 210 and I shut it off and waited to cool since I was in eyesight of camp. Let cool and pulled freshwater pump checked newly replaced impellor and reinstalled. Turned key on and temp was at 160, started boat and slowly climbed to 200 and again I shut it off. Next I pulled thermostat out looked old but still functioned. Boiled water in microwave so I have no idea what temp it was but the thermostat openend none the less. re installed thermostat and again 200. next i took the thermostat out and left it out. this only took a few minutes so when i restarted the boat the was 195 within 1 min it dropped to 140 deg. and stayed there till the last night we were there when i went to fish i pulled out of the cove barely got to plane the slowed down to wake speed for about 5 min then the motor just shut off. i restarted it ran for maybe 3 sec then shut off again. it did this like 5 times then the last time it just went clunk. towed her back to shore the next morning thinking it was batterie/electrical related i put 2 new batteries in her and same clunk. got her home and pulled the sparkplugs and water in all 8 cylinders. cranked for approx 30 sec to blow water out then blew out with hp air.and sprayed 1/3 can "liquid wrench" in each cyl.again rotated motor several times and now shes sittin out front waitin..............I have read alot about water coming in via the "Y" pipe and throught the risers. but i have also read some about the exhaust risers being compromised or the gasket being blown. i also saw a Volvo Penta service advisory about hydrolocking after overheating caused by loosening of the riser to manifold bolts. And some say intake manifold. Where would you guys start? Dont really want to throw money at it blindly. I pulled #s off of it but im pretty sure its an aftermarket engine cause i found a plate on the front of the motor that says "Vulcan Automotive equipment #48218" not sure how good that is being this is a boat not an autombile. And 5.7GL is on the spark arrestor cover that om sure came off the original motor. I sent Vulcan an email requeting mfg date,specs, etc. Any thoughts. Thank you in advance for your help.