Yes that's true. When I bought my 87 model boat, with 5.7L engine, it ran really rich all the time and burned gas like crazy. I started looking at rebuilding the carb. When I looked up the serial number I discovered the carb came original on a 454 big block, so it was jetted way too big for the 350. Not being confident that I could rebuild and rejet the carb, I sold it on ebay and bought a new (rebuilt) carb that was properly sized for the 350. Ran much better and got much better fuel economy after that. So look up the serial number and see if it came on the same size engine or not.