Re: New intake and carb on Mercruiser 5.7
New tends to trump old. The 1409 is a great replacement for a 5.7. I bet it runs better. And if your old carb was not right there's every chance your new one will give you back lost performance. Performance like power, smoothness, and the tiniest little bit better fuel economy. It won't be enough to really call a dollar savings cause that Sundancer is a lot of boat to push with a 5.7, but don't we all want our boats to run correctly?
Of course you will need to set it up. To me that's a big part of the fun. Look in the supplied paper work for the jets and settings that it was built with. And obviously give them a try unless something stands out as wrong. Look up the installation process in the paper work or here.
http://www.edelbrock.com/automotive_new/mc/carbs_acc/pdf/carb_owners_manual.pdf
If you bought the carb for your exact application it might already be correctly jetted.
Also save the old Quadrajet, you can fix that up at your leisure. Just in case the 1409 does not make you happy. I did my Rochester as a winter project last year. Partly cause I'm cheap, partly cause it was OE, and partly cause I needed a boat project. It was a good education.
I'd compare the 2 intake manifolds. You probably bought the same as the motor already has. If so just return it, no sense replacing a functional cast piece. That's some gas money, or for some other use!