First of all the boat ran fine when put away for the winter. During the process of starting the boat for the first time this season, the it cranked well but would not start, eventually found that the fuel pump was bad. After replacing the fuel pump, the timing belt broke while cranking the engine. I followed the proceedures for replacing the timing belt (values on #1 cylinder closed, #1 piston at TDC, accessory pulley, Distributor rotor all lined up with markings.) When replacement was done the boat started and I was able to fine tune ignition timing, and points gap. Engine ran well but would flood out after about 5 minutes. Then rebuild the carburetor (solex down-draft) and boat started right up and runs great. Actually, runs smoother than it has in the past. After clearing the no wake zone on the first trip out, and pushing down the trottle I found that the boat had no power, not even enough to plane-out. It will only push about 1800 RPM's at full trottle even though the engine sounds and feels great. I did check the trottle cable, and it seems to being operating the carburetor correctly. However, I noticed raw water leaking from one of the freeze-out plugs on the exhaust manifold, which caused the engine to run a little warmer than usual (180-200 degrees). Any ideas on where to start touble shooting the lack of power, I am confused about where to start because the engine is running so smoothly.
Help please.
Help please.