Re: Well, she NEARLY sank...now what?
Wanted to update you fellas and say THANK YOU for all of the pointers and help.
The engine was absolutely FULL of water. All 8 cylinders poured water when the plugs were pulled (varying between a trickle and a cup or more). I pulled the drain plug on the oil pan and was absolutely amazed and terrified to see a steady stream of pure water rush out for over a full minute before any oil came out. It was seriously at least 5 gallons of water that came out of that engine.
Once I got it empty, I pulled off the top of the carb and opened up and checked the distributor. There was no water inside the dist thankfully so I closed it back up. I pulled the hoses from the exhaust manifolds and let that drain as well. I cleaned all of the electrical terminals because all had started to corrode. I cleaned and dried the carb with carb/choke cleaner.
Most importantly, I started absolutely drowning the cylinders with WD40 from the spark plug holes. I sprayed it in there every 15 minutes or so while I was working on the rest. I knew I still probably had some water in the engine so i wanted to get it turning over with the plugs still out. I put a 5/8 socket on the main flywheel with a pretty long rachet and started applying pressure praying for movement and the lack of jerking. I am certainly no mechanic, but I know enough to understand those rings had most likely already got a decent coat of rust against the cylinder walls. I didn't want to jerk on the thing too hard and tear up the rings. After about 10-15 seconds of increasing even pressure, it turned over. I turned it probably 30 revolutions with the rachet and was amazed to see water literally jetting from the spark plug holes on the compression strokes. I repeated putting WD40 in the cylinders and turning the engine over a couple more times.
Next, the starter. I know in the long run it's going to be toast based on what I've heard here. I didn't have the money right this second to replace but I wanted to try to get the engine going so here is what I did. After I had the engine turning over nicely by hand, I tried the ignition for the first time. I could hear the solenoid click but nothing else. After 5-6 tries and banging on the starter (in addition to heavy WD40 anywhere I could find to spray it), the bendix could be heard engaging but the starter wasn't actually turning. At this point I got bright (at least I think so). I had my dad stand by the ignition while I put my wrench back on the flywheel. I had him engage the ignition while I turned the engine by hand. After I made about 2 revolutions....voila, the starter came to life! Now, with the starter doing the heavy work, I sprayed yet more WD40 in the cylinders as it turned over. I also took the valve covers off and sprayed them heavily as dad did short bursts with the starter.
Once I was comfortable that the engine was as dry as I was gonna get it and moving freely, I put in new plugs, new fuel filter, new oil and filter and ran water to the outdrive. After a while of winding over and pumping the throttle, she wouldn't hit. Against my better judgement, I let my dad spray a little Ether into the carb and it hit immediately. Through pumping the throttle furiously, I was able to keep it running about 2 seconds. One more squirt of ether was the magic touch though cause once she hit that time, and I pumped and feathered the throttle, I kept it staggering but running. It ran roughly for about 10 seconds then all of a sudden it was like she cleared her throat....the white smoke cleared, and it roared to life. I had to jump to back off the throttle and pulled it back to about 2500 RPM's. I got out and checked to make sure I was pumping water and was. Amazingly, it ran absolutely perfectly. There was no sign of anything out of the ordinary that I could see or hear. I let it run like this for about 15 minutes until it came up to temp then immediately changed the oil and filter again. There was a very little bit of residual water evidence in the oil but I hope that's just the remainder of what was in the engine after being full of it.
That's where I stand at this point. My further plans are to change the trim fluid and power steering fluid. Also, I know I have to pull the outdrive and change out the bellows while regreasing everything. I don't know how to do that but I'll search on here as I've seen the info before. Hopefully it will not be too bad.
I'll update you guys again once I've changed bellows and actually water tested, but at least it seems the engine made it through OK.
Thanks!