OK, the head is done,( $250.00 worth) and the machinist said that the
seats were pretty beat up which would recess, and through the valves
out of adjustment.... ie. the valves would lose there lash against the
rockers, and would be forced to stay open even just a couple
thousanth's or so and not close tightly. So it got a pressure test,
plane job, new valves and seats, seals springs tested. New head bolts
and gasket set.

He said that the head was slightly warped in between the 2 and 3 cyl.
and said that sometime in it's past life it boate engine was probably
over heated. Now I did notice that when I went to service the engine
the pump/alternator belt was loose and you could turn the water pump
easily by hand.

hmmmm.

He said the carb should be richened up slightly and running the timing
to spec should be fine. but seeing it's converted to Petronix
electronic ignition, it should be re-timed.

Once back together, I'm going to do my best to get regular fossil fuel
(no gasahol) and take it from there.

Tim