Re: fresh water leak
if your heat exchanger is like a radiator on a car
aka fresh water cooled
i believe don is trying to see if you blew your head gasket or possibly warped your head
This could have happened when you hit the sand bar and overheated the engine
The air bubbles are from the piston on the compresson stroke
If you can, borrow a sniffer that reads hydrocarbons
If you read hydrocarbons in your cooling system your head and or head gasket is the problem
Pressure builds up and releases thru your cap