I purchased recently purchased an 86' four winns horizon 190 with a mercruiser 5.7 magnum. The block was cracked, so I rebuilt the engine. It runs great in Neutral, and revs up fine, but once I'm in gear, with a load on the engine, it wont go above 1800 rpms. No sputtering, just wont rev. I checked the timing, and it set to 8deg btdc, and all the plugs are firing. It seems to be blowing alot of steam out the exhaust, (thru-hull) and I'm wondering if this sounds like water in the fuel? Any suggestions would be greatly appreciated. Thanks