1995 Merc 40 HP 4 cyl. S/N 0G6210460 turns on overheat alarm about 30 seconds after planing off or when on trailer at WOT in gear for about a minute.. When backing off, buzzer stops. Replaced leaking exhaust gaskets (slight external water leak & water intrusion to #3 & #4 cyl) and see no external leaks, yet #4 plug is "clean" as if water is getting into combustion chamber. All other plugs show some slight carbon. Should I pull exhaust cover and baffle plate and deck both to insure flatness then reassemble? Could this be associated with powerhead to midsection gasket? BTW, this motor has no thermostat.Thanks for any help.