Re: Fresh water cooling
I think I would rather go all the way with the system that cools the block and the manifolds.
I did a similar thing (full system) with my 1997 454 (120hrs since new) The system came from Ocean East Marine (San Juan System)
http://oceaneastmarine.com/freshwater.html
I think it was about $750 back in 2006.
One thing to consider is that your block and manifolds will have a fair amount of rust in them and that rust can and will break off and possibly clog the heat exchanger if you don't do something to remove as much as possible.
When I installed mine, I had the core plugs out of the block and the circulating pump off.
I was able to thoroughly flush the block and manifolds to get most or all of the loose rust flakes sand and other debris out of it (the block) etc. You cannot of course, get it all but you can get a LOT.
So far, I have had no coolant flow problems in the heat exchanger.
After running it for 4 years or so, I have not yet removed the heat exchanger and opened it up to see if there's any rust or other debris clogging the tubes etc... I used DEXCOOL mixed 50/50 with distilled water for coolant.
It works great! I will never go back to raw water cooling.
Regards,
Rick