the power/economy argument is not the most important thing to boaters. The most important things are:
my boat won't start what do I do?
my boat won't run right what do I do?
my ECM or module is fried and the bean counters at Volvo Penta or Mercrusier made it NLA, now what do I do?
this is where the simple carb engines excel. Got a stubborn Quadrajet, or leaky Holley? bolt on a new Edelbrock and you're back in business!
I prefer to do my own but most people don't have the patience.
if you keep your boat a long time like many here do, be aware that by 10-15 years certain OEM parts become NLA, with simple carb boats the aftermarket will keep you going nearly forever, the OEMs want you to buy their ultra expensive and complex cat converter direct injection engines, I say no thanks, I can take care of business on my own just fine thanks.
a $50 rebuild kit, 2 hrs of my time and back to a smooth running Quadrajet, the next best thing to EFI. Just ask Cliff Ruggles!
No $1500-2000 ECMs, or $1100 fuel pump modules, if you have an older engine that takes a mechanical pump an $85 mechanical Carter fuel pump is all you need and they last forever. At most you're going up to $450 or so for a new Edelbrock 1409 or Holley 4160 whatever is your preference if what you have is too corroded to rebuild.
If you look around, there are a lot of threads complaining of hard to repair running issues with older EFI systems on both Volvo and Merc boats. For me its all about repair-ability. I could care less about the last 10-15% extra power or economy.