Re: New purchase - low compression 50 psi on all 4 cylinders of 1978 470 engine
I suspect a lot of your problem is from the engine sitting for a long time, and are on the right track. I would not tear into it until you at least try to get it running on muffs for a while to loosen things up a little. Having said that you have a bigger problem that needs to be fixed ASAP, and that is the overheating. No matter what the problem is if you do not fix that you are doomed. Being a 78 you have the smaller 3" heat exchanger which is adequate IF the rest of your cooling system is in TIP TOP shape. That means you need to pull the end caps off the exchanger (at least the front one) and make sure that it is clear of debris and is reasonably clean, and pull the aft hose off of the exchanger (that goes up to the exhaust elbow) and stick a hose in there to make sure the water flows freely out of the exhaust. Most importantly you need to replace the IMPELLER AND HOUSING in the outdrive. The vast majority of heating issues result from a worn impeller. Go with the OEM Mercruiser parts, not the cheap aftermarket stuff. Do that, refill the outdrive with good oil, replace, the ignition points slap on the muffs and give it a. If it runs and stays cool you may have a real bargain there. Oh yeah ignore the naysayers, if you can get running the 470 is not so bad:facepalm: Good luck.