Ayuh,.... It very Doable, 'n relatively Easy,.....
Ya need a 1/2" port on the head or t-stat housin', Below the t-stat for the hot water feed line,...
'n ya need a 1/2" return port in the water circulatin' pump housin',...
You have hit nail on head seen ,used or installed before saying relatively easy . Hoses too? , Does your current boat have one ?
I found a Pdf manual for Maxium Boat and it has a Mercruiser Service Manual #26 that I had found that flow dia. It explained how , even Engine , Got to love the intranet , I'm not comfortable about adding hose fittings in big hose to suction of engine water pump for my return line , haven't looked at water pump might be plug on it in casting , the pressure side would come from tstat housing but needs opened up to 1/4 npt maybe , 5/8 hose max size and they don't make a kit for this engine it said . Thanks for input as the heater would extend my season .