I'm wondering if the previous owner didn't know a lot more than he was letting on. Maybe that bank was dead and the plugs were pulled to allow those cylinders to free flow. Before you go putting those plugs back in I would perform a compression check. Someone could have installed a blocking plate over the intake side to seal off the air and fuel. That would explain the lack of it blowing up. If you put the plugs back and the intake is sealed on that side it might not crank at all.
I'm new to boat engines but I've been doing shade tree auto for 30 years. I've seen some weird stuff. I once bought a 52 Chevy that as the seller put it "needed a tune up". Turned out the number five piston was snapped off and sitting at the top of the cylinder. The rest of the piston rod had been removed as well as the push rods. It still ran pretty good but it had a very defined miss at idle. Since this engine's history is unknown, I suggest proceeding carefully.
Are you sure you didn't just recently tick someone off and they sabotaged your boat?
i heard that!!!!!so have you put the plugs in it yet?? I'm axious to see what that thing will do...32mph on two cylinders...I bet you'll get 45 with all four...this is one of those stories that you hear and you know deep down if that were me, I would've blown up, sunk, seized the motor, or something BAD would've happened...lol. I have a friend that has a dodge cummins just like me...I am maticulous about my truck...he never changes his oil, greases, or anything unless I'm around to tell him to...and his truck ALWAYS goes....with my luck if I didn't change my oil one time when I normally do it would probably throw a rod...lol. I know there are some out there that know what I'm talking about.