I have a 1988 trophy flybridge with a omc 5.7 liter (4 valve per liter) and a cobra outdrive. Just acquired the boat. It runs HOT over 220 degrees when wide open. When you let off and go to 1/2 throttle, temp comes down until 170-180 still HOT. It runs 140-150 at idle, 170 degrees at 1/2 throttle (20 mph) then rockets up quick at full throttle. I have an infared thermometer and the hoses from the outdrive is 90 when operating temp is 200+. Hoses are cool, manifolds are scorching and the risers are also above 200 so the relay or sensor and guage are working correctly. I have changed the impeller, I have changed the risers, I have changed the thermostat. I took off the oil cooler and checked for blockage- still nothing. Should I replace the water circulating pump (I have a spare but I do not see any leaks and the temp gun shows 100 or so at full throttle) or do you think it is a head gasket? I also have a spare set of manifolds- could that be it? (I also took the hose from oil cooler to thermostat off and held it 15 inches over transom bracket and it pumped 2-4 inches). I heard that if you take the thermostat housing off and fill up the block with water to the line of the thermostat and start the engine- if there are bubbles, it means a blown head gasket- does that work? No water in the engine oil- what gives?