Re: start 1986 johny 140 with no lower unit
err....the old gaskets?
You might not get a good seal and leak some water into the cyls. Probably not, but it is possible.
Then if you let it sit for even a few hours, rust!.
Here is something you can do while the heads are off. Rotate the engine clockwise, bring each piston up to TDC, and continue a bit more until the piston starts down in the cylinder. Stop, and try to push the piston further down in the cyl by hand. It should not move at all.
If it moves down, it shows play in the rod bearing or piston pin. It will be obvious. Do all of the cyls.
You already had good compression, cyls are good, put the heads on with new gaskets, torque properly, and leave them alone.
I made up a hose to use to hook to the water tube, clear 5/8" vinyl, with a female hose fitting on one end, and a hose clamp in the other for clamping to the water tube.
You can run it as long as you want with that water supply. You will not be able to hear any rattles or knocks tho.