OK here we go. Been twisting wrenches for years but new to boating. Recently purchased an old larson(mt third boat and fith motor) with an old(1967) mercury 50 hp 500 series. Took some PB blaster in the cyl. to get it to turn over nice. Big inline 4. Cleaned it up good, everything looks good but one plug tapped out to larger size. Give it some fresh gas(32:1) and she fired up quite well for having set for years. Ran good at idle and forward/reverse, good at higher rpm in nutral. So here we go with questions. Exhaust is through the prop, is that where cooling water goes too? Small slots just above the trim tab were weeping a little but not enough for this big a motor. Cyl. head stayed cool to the touch after several minutes in the tank. Where is the water pump and how do I specify the right impeller to order one? Should I worry about it? Should I replace it just for age and un use? any help would be appreciated. thanks.