I guess that would make it quieter with the turndowns at idle. Then it gets loud during wake... I clicked on that link it it looks like those are $1,800 each? Do they make a more "economical" set of duals for the 350 5.7? Also, I'm getting and engine from a pick up truck. If I don't make a move on duals yet, can I use the same cam that is in the donor engine or will I need to change that out also?
The $1800 is for a pair not just one
The turn downs come out of the water when the boat starts coming up on plane. Keep in mind I have a big block which are louder then your small block.
You can use standard cast iron manifolds, or aluminum ones and risers. My link was showing you the entry level into the performance side. Sticking with a stock engine and cam you don't need to go performance.
Search around for mercruiser 5.7 exhaust manifolds, you will find things like this
http://www.amazon.com/MERCRUISER-COMPLETE-EXHAUST-MANIFOLD-GLM/dp/B004AQZA3W
Using standard stuff will work fine with diverters and thru hull, and just straight thru hull
Yes you can use a truck engine, you don't want a car engine (different cam). If you use a truck engine and you boat in fresh water, just change the freeze plugs. I'm saying this as your just using the long block and intake manifold, you will not be using starter, alternator, water pump, distributer or carb