i just bought an 86 mercruiser 140 with an alpha 1 outdrive. the boat sat for two years and was winterized. i have done a full tune up, impeller/water pump, plugs, wires, coil, oil change, rebuilt carbuerator. i had the boat running yesterday without the flame arrestor on and everything was good at lower rpms, below 2k. when i went up in rpms water starting coming out the port where the flame arrestor connects. i immediately thought blown head gasket, but i see now in my manual that water goes through there. i will have to check the oil today to see if there is water in it. when i changed the oil it was a little milky, not real bad. i'm sure i probably need to change the manifold and riser, if i have that. this is my first boat i/o.