Re: wot for a long time?
Any marine engine in decent shape will probably run several hundred hours at WOT. Since the average boater puts less than 50 hours per year on his engine, that's easily 3 or 4 years at WOT.
It's not really that big of a deal, just depends on what you want to do with your boat. If you want to run in the front of the pack on most poker runs (see the OSO or Scream & Fly forums), or you have to prove your 3.0L is the fastest boat on the lake every time you go out, then plan on an engine replacement every few years. If it's a cheap boat and you don't plan to have it but a few years anyway, don't even worry about it.
Mercruiser recommends in their owner's manual that you operate at 3/4 throttle or lower, with no prolonged operation at full throttle. Up to you to decide what "prolonged" means - just remember, if you want to play, you'll have to pay!
Caterpillar has some similar recommendations for their diesels in boats, which are built to MUCH heavier requirements than any GM gas engine:
From Caterpillar Managing Marine Engine Power:
Get the Most from Your Engine
A maximum power rating is specified for every marine diesel engine. Running at WOT (Wide Open Throttle) is fine for short periods of time to get somewhere fast, to outrun a storm, or just to demonstrate your boat?s maximum performance. However, diesel engines for planing hull boats are not designed for continuous wide open throttle operation.
? Wide Open Throttle:
WOT operation should be limited to short periods of time such as acceleration to on-plane and other limited time duration situations where it is essential to use all the power the engine can deliver. Operating at WOT up to eight percent of the total time or up to 30 minutes a day is generally acceptable; however, WOT operation is best limited to short periods of time (five to 15 minutes).
I know lots of diesel charter boat captains who run WOT all the time. They claim it costs them money to run slower. Just like a gas motor, there's nothing wrong with it, just means that somebody gets to replace a motor sooner.