First time post, but I have been lurking for quite sometime. I have a 2002 Volvo 3.0 GSP-C s/n 4012058256 that I have owned since new and has only been operated in freshwater. Never have had a impeller failure as the impeller in replaced every other year. I have done all the procedures in the Volvo Penta overheat diagnostic manual. No air bubbles noted in the clear tubing and the pressures are with in spec. The problem only occurs at above 3200 RPM, the engine has been operating flawlessly for the last 3 months until this problem showed up one day. I have narrowed the alarm down to the sensor on the exhaust riser. The engine water temp never goes above 175 *F. I removed the exhaust riser and inspected for blockage, no blockage was noted. I also pressure tested the riser and manifold and no leaks noted. I have performed direct and differential compression tests. Direct cmpression tests ranged from 170 to 180 PSI. The differential pressure (performed at 130 PSI) test showed that no air was leaking into the water jacket around the exhaust manifold (checked using a clear tube filled with water attached to manifold water inlet fitting). I took a 3/4" garden hose and flowed water through the exhaust manifold inlet fitting and the exhaust riser, and found there is absolutely no restrictions. With the boat idling in the lake I took off the hose that goes from the base of the exhaust riser to the exhaust pipe and found that water shoots out of the hose 4-5 inches.( Plenty of water flow). I have also checked the ignition timing and found that to be correct. The two questions that I have are: 1) At what temperature does the exhaust riser temp sensor operate at ? (Can't find any specs in the Volvo manual) 2) According to the Volvo manual the arrow on the rubber coupling should be pointing up, is this correct? As it appears the the rubber coupling may be partially blocking the water passage. Any ideas or comments would greatly be appreciated. Sorry for the long post but I wanted to include as much information as possible. Thank You