I would really go down and look at the boat with the mechanic. If everything else is working, this is an issue you can resolve systematically. Verify that each component is working properly, one at a time.
Reading over the work orders you posted, it sounds like the boat had numerous issues when you got it. To quote a few:
- bad distributor
- broken distributor clamp
- battery had been hooked up backwards
- various electrical issues including main ground to battery
- bad neutral safety switch
- severely warped heads (having been recently installed this way - gaskets looked "fairly new")
- bent push rods
- automotive starter and fuel pump
- carb needed rebuild
- battery CCA rating too low
- temp sender was bad
- tower mounts are not reinforced
The fact that the engine was not originally marine doesn't necessarily matter, but adding up all these things tells me a bigger story. The previous owner didn't properly maintain this boat, leaving you with a rash of issues to attempt to figure out. That leads me to question where else corners were cut. I do agree with others that perhaps this mechanic is good with I/Os but not familiar with inboards, which is (at best) a disadvantage to you both. It does sound like he's trying to do the right thing at this point and get to the bottom of it. This is one of those situations where everyone loses. I hope he can get you straightened out and back on the water. Just work with him to get to a resolution unless you have a good alternative; I get the feeling that this is what you really want to do.
TL;DR: There is nothing more expensive than a cheap boat.




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