Wanted to give everyone an update. Turns out my timing chain was not installed properly by the previous owner. The chain was one link off causing all sorts of issues with the valves. I fixed the timing chain and reset my ignition timing and took it out this weekend. It was amazing.
This is my first time driving a direct drive boat, and my first time with a V8. I was amazed at the power and responsiveness. Regretfully, it only ran well for a short time. After about 20 minutes of towing tubers around, we killed the engine and switched riders. When I went to start it again, it wouldn't start. I pulled the cover and saw that we were getting fuel through the Electronic Fuel Injectors. We cranked on it for a bit, and waited, then cranked again, and waited, then cranked again.
After 5 minutes of intermittent waiting and cranking, I was just about to try and flag someone down for a tow when it started up. We kept the guys out on the tube, and started to tow them into the marina, but while towing them in, the engine wouldn?t rev above 2500 RPMs, but it sounded like the engine was running just fine, it simply lacked power.
I made a video trying to replicate the issues without any luck. I'll post the video as soon as it uploads to Youtube.
A friend of mine said he?s thinking it?s a fuel issue caused by the fuel pump. Any thoughts here?