75 model boat Ford 302(new long block approx 6 hours)new dist (points). First 6 hours, not a hitch. Out running and after about 10 min at cruise (3000 rpm) engine bumped (momentary loss of power) Then OK. 30 sec later bumps got more frequent and got longer periods of loss of power, then noticable loss of speed and power. Powered back to 2200 and was fine for a little, (10 sec or so) then it started again, wouldnt stay on plane. throttled back and idled ok then it quit. Started back and idled ok then had to pump throttle a little to keep it running then I shut it off. Ran for two hours (same gas) on a suzuki 15 4 stroke and it ran fine. I am discounting the distributor as it is new and points were in adjustment, fuel as filter and water seperator is new and kicker motor ran fine, engine and carb because they were also rebuilt, plugs are new also. Here is what is remaining on engine thats old or has not been replaced or rebuilt-- wires, coil, fuel pump. The fuel pump has a very little amount of fuel in the bowl so I am going to replace it. No odor of fuel in the oil. I checked the fuel pump pressure when it was in the old engine and it met specs. Before I pull the pump, I wanted to run this past you guys for some advise. I think it's the fuel pump. Would it act like that?