Re: 5.0L compared to 3.0L
I moved this to non-repair as it is more of a general engine discussion.
If all else is equal, the 3.0 will probably get better fuel efficiency. Buttttt, an underpowered boat with a 3.0 carb vs say the same with a 5.0 MPI could be miles apart in favor of the 5.0. Typically, the size of the boat determines fuel use more than the size of the engine. Want to add any more specifics? This is probably too general of a comparison, and maybe too wide apart to be meaningful.