Re: OMC Checkover
You need to be aware that it's a lot harder to find techs that really know OMCs relize that the last dog clutch Cobra was made in 1993, that's 15 years ago. If you're talking a 94-98 Cobra SX, that's a whole differnet animal, a Volvo shop can service that for you. I have a really good OMC shop, they serviced them back when they were new and are familiar with all the quirks. I would not buy one with out a water test. A well adjusted Cobra should shift into gear with a light 'thunk' no grinding, and it should NOT make a loud "CLUNK" as you accelerate the boat on plane, that could be worn cluch dogs on the lower gears, which was a well known problem that was caused by defective shift cables (86-89 was recalled because of this). They also should not be stiff going into neutral, that could also be a bad transom shift cable or an ESA not working right. These raw water cooled OMCs had 160 thermostats in them and should run right at that temp. So if it shifts properly, runs well, reaches max RPM like it should, doesn't overheat or make funny noises, it may be fine.
*****NOTE IF YOU DON'T DO A WATER TEST, YOU CAN'T EVALUATE ANY OF THE SHIFT ISSUES, OR THE JUMPING OUT OF GEAR ISSUE, SO DO NOT GET TALKED INTO BUYING IT JUST WITH A WATER HOSE DRY LAND RUN UP OF THE MOTOR*******
do a search for the Stuart Hastings website, it has just about all you need to know about the Cobra. You can still get factory manuals on E-bay. The main issues are that not many know how to adjust the shift linkage and make the ESA work, and also, the gear oil re-fill procedure is different than a Merc and must be followed exactly.
All that being said, WHY do you want an OMC??!!
I like mine, it's not been much trouble but I woudn't buy one now, and if my drive has to be re-built at some point I may just convert it over to a Volvo SX, pricey but good.