I am looking at a small boat with a honda 40 4 stroke. I took the boat for a ride and there was no water coming from the cooling hole. The owner said he had changed the water impeller and that the motor was cooling not to worry an alarm would sound if overheating occured. I took the motor cover off and on the right side of the motor (facing from inside the boat) there is a narrow cover bolted to the side of the block. lots of corrosion around the seal of this plate. Anyone have any suggestions about this.