^^^ with the above.-----Also install a new impeller every 2 years.---Temperature gauge is also an option.
I just bought a 2002 rig. No idea as to the total condition of the rig and I'm not one to change out parts for the sake of it. My water pump is doing all one could ask and I'm not going to fix what isn't broken. I had a blank spot in my dash gauges and decided to install a gauge monitoring engine coolant. Most folks on here recommended a water pressure gauge, but Mercury Marine engineers install an OT switch on the engine....they are concerned about engine block temperature, not water pressure.
Well if engine temperature is what I'm interested in and autos and trucks have temp sensors, not pressure gauges, why not install a gauge indicating what really interests you.....engine temperature.
So I did and now I can watch my engine warm up, watch the thermostat open and maintain set temperature, get up on plane and watch my poppet valve open and see the engine temp drop down to about 50F above ambient water temp, slow back down and see the poppet close and the engine temperature come back up to thermostat opening temp...............all electrical connections, no water pipe to come off/leak/clog/freeze up in the winter/get pinched.............