my $0.03
EFI primarily gets you the ability to adjust for changing barometric pressure and slightly better tunability over a carb for temperature. it is not a magic bullet fuel delivery system. in fact, most carbs will out perform EFI at WOT. EFI shines with part-throttle response and emissions
ignoring the displacement and other things such as combustion chamber, intake runner plenum shape and size, valve angle, valve diameter, etc.
a 383 is a 4.030 bore and a 3.75" stroke (0.030" overbore and 1/4" of stroke increase over the 350). the stock bore stroker is a 377
a 454 is a 4.25" bore and a 4" stroke
a bigger piston on a longer torque arm will always make more torque. Torque is the power generated. how fast you spin the torque is measured in HP.
then again, you can take a 454, add the same 1/4" to the stroke and add the same 0.060" overbore and end up with 496 cubic inches which will deliver over 600 lb-ft of torque and still rev up to 6200 RPM all day long with the appropriate cam and heads (do the math, thats well over 600hp and you need to get something stronger than a Bravo). a 0.030" overbore stroked BBC is a 489
the 502 is a 4.466 bore, 4" stroke big block with a 9.8" deck height (509 is 4.5" bore 4" stroke and the 540 is a 4.5" bore and 4.25" stroke)
the 8.1 is a tall deck (10.2" deck height) 4.25" bore and 4.370" stroke motor which is why the 8.1 more than out performs a 454 (7.4 liter)
the big block can be made up to 613 cubic inches (tall deck, aftermarket block, long stroke crank), add a blower or two and you have some serious hp (think off-shore race boats, top fuel dragsters, etc)
a small block can be made up to 427 cubic inches (tall deck, aftermarket block, long stroke crank) it will also make serious power, just not as much as its big brother.
The LS blocks can be made up to 500 cubic inches and pushed with custom heads, twin turbos and a supercharger to 1650hp (Mercury Racing 1650)
both BBC blocks and SBC blocks as well as the LS are available in aluminum
there is no replacement for pure displacement when it comes to torque.
remember, horsepower is how fast you hit the wall. Torque is how far you carry the wall with you.
so back to the boat. to get the boat with all the people up on plane fast with a single engine. you need Torque to push the boat on plane.
go with a big block