Re: thermostat
Let's start over (for me). I just looked in a '94 and '97 sales brochure for Merc/Mariner 25 hp and cooling has an option of a thermostat. Pop the cowl and look at the rear of the engine. You have 2 spark plugs embedded in a plate which is the water jacket cover for the cylinders cooling passages. If you have a stat, you will have a bulge on that plate probably a cover held in place with 2 bolts. The bulge in the plate will probably be about the size of a Nickel coin.
Probably the pee comes from a tube routed off the exhaust manifold, or could come from a plug on the rear of the block to the side of the mentioned cover. It may come from the cover described. I don't know but a quick look will tell you.
If it comes from anywhere other than the stat cover, you should have pee within a minute of firing up the engine on muffs, or sitting in the water with the boat stopped....aka water pump is under the surface of the water. If not, check the tube for clogging. If not clogged then the "when did you change the water pump last" from Mr. duckdown is the next question.
If it is plumbed off the rear of the stat cover, the stat has to open to get any water which means the engine internal temp is at least 143F and every time the stat closes back, the water shuts off.
HTH,
Mark