I have a 2004 50 Hp EFI Mercury Outboard.
When my son did the winterizing last fall he said the engine oil looked like chocolate milk.
Would this be a problem with the water pump or head gasket.
water condersation turning into water in the oil...all over the next..very rare that it is a head gasket or cracked head though it does happen...more common thermostat stuck open letting the motor run to cold and not burning off the condensation forming in the motor...this is a big problem many people have and the marine shops see it all the time...The 4 stroke motors are not good in regards to trolling for hours...go figure..that is why you bought the 4 stroke beside the fuel economy...that water is diluting the oil and will wear out the motor prematurely...again search the net for some very good reads on this subject...