Originally Posted by
tretter7
My first thought when I read your post was 'it's overheating and going into limp mode'. I still would bet that is what's happening. I have an '03 Launch SSV too, and similar things have happened to me over the years. I think your boat is just barely overtemping, and bouncing off of limp mode. Boats mostly overheat for three reasons: 1. Impeller is bad, 2. Sticks/debris lodged in transmission cooler, 3. thermostat failed closed. I'd be looking at the impeller and trans cooler for sure. I think you're pumping water but not quite enough water. You'll suck crap right into the trans cooler if you get in shallow, mucky water.
The other thing that could be happening is the ECT is failing and giving an occassional 'too hot' signal to the computer. I believe there is a test for the ECT involving measuring the resistance with the sensor in boiling water. Or you could just replace, I think they're only like $35. I'm not positive, but I think the temp sensor for the dash gauge is different than the one on top of the engine for the computer. Or maybe they are just out of calibration with each other.