5.7L 350 Mercruiser raw water cooled. I took it on the first ride last night. While running at no wake speeds I felt both manifolds and i cannot keep my hand on them because they are quite hot. The temperature gauge on the dask read about 150 degrees and staye steady. I did note that the hoses leading from the Thermostat to the risers are cold. Seems as if the Thermostat isn't opening. I will replace that tomorrow morning. My question is, if the cooling system is operating properly I was always under the impression you could put your hand on a manifold and it shouldn't be too hot to keep it there. Is this correct?