Re: 1993 Mercruiser 7.4L 454 High Temp/Overheating
The oil cooler should be located on the port (left) side of the engine down low. You can remove the inlet hose to the cooler to see if 'stuff' is blocking it. You can also back flush the oil cooler by disconnecting the inlet hose at the thermostat housing and forcing water back down towards & thru the oil cooler.
I am curious to what "completely tore out the center to let water flow...." means. There are some spring-loaded restricting devices that are assembled into the thermostat housing, which limit the cold water flow to the exhaust elbows, thus forcing the water to go through the engine and out the hoses leading to the exhaust manifolds.
You might want to refer to the cooling diagram, which is in the maintenance manual for the engine, as water takes various routes through the system. It is not just a single route.