I?ll try and keep this short and provide enough info, Ive read more threads than I remember and its time to just ask for help. You can skip to the bottom if you just want the question 
We bought our first boat in April 2015, Wellcraft Eclipse 240, 7.4 Bravo, serial OK193466 with 450 hours on it. It never really had the power I thought it should when loaded with more than 3 people. With a load of 4-5 adults it would plane fine but top out at 25-30 MPH with a 19p 3 blade stainless.
After doing some reading, well lots of reading, I learned that the nice new Edelbrock carb the previous owner had installed to replace the Weber was a 1406. It was neither a 750 nor marine carb as it should have been. We dealt with it for the few runs mainly because I didn?t want to tell the wife I made a bad decision. I made it a winter project.
I winterized the boat last fall and during the process noticed the fresh water pump was cracked. Those winter projects turned into spring projects and I finally ordered the pump along with new wires, plugs, rotor, coil, fuel filter and belts from iboats. I flushed the shredded impeller out of all hoses up to the oil cooler and found nothing at the Tstat.
When I replaced the carb with the new Edlebrock 1410 I realized the pre vious owner had installed the Mercathode mounting bracket between the carb base and intake. Obviously there was a small gap and most likely a huge factor in performance. I addressed all these issues.
First run of the season was a little better but still not where I thought it should be. We don?t really run the boat for long periods of time, 10 min max then shut down and float in the coves for hours. Second run we shut down for the evening to let other boats clear the ramp. Tried to start and it wouldn?t crank, pulled the cowl and the motor seemed a little warm, temp gauge never went about 170?. Checked the oil and there didn?t appear to be any water in it.
I realized something wasn?t right and didn?t continue to crank it, got a tow in and pulled it home. Pulled the plugs and all of the cylinders had water in them. Turned it over with no plugs and it cranked fine, just looked like a sprinkler. I dried out the cylinders and ran a compression test followed by a leak down. Cylinders 2-8 were all between 150 and 154, same on 1-7 although 3&5 were 90. Leak down test was low on 3&5 as well. Sprayed some oil in 3&5 and the results were the same. Assumption was head gasket or manifolds.
I?ve already ordered all the gaskets from iboats less the intake set which wasn?t stocked. Exhaust and intake are off, two head bolts are iffy and almost rusted all the way off so they will be fun. After removing the heads which direction should I go?
I obviously have the peanut heads, should I just have these heads rebuilt, buy a rebuilt set, or go back with different heads and intake or just replace the gaskets and clean the heads up. I don?t have the funds this year to replace/rebuild the motor so I just need to get through this season.
Thanks,

We bought our first boat in April 2015, Wellcraft Eclipse 240, 7.4 Bravo, serial OK193466 with 450 hours on it. It never really had the power I thought it should when loaded with more than 3 people. With a load of 4-5 adults it would plane fine but top out at 25-30 MPH with a 19p 3 blade stainless.
After doing some reading, well lots of reading, I learned that the nice new Edelbrock carb the previous owner had installed to replace the Weber was a 1406. It was neither a 750 nor marine carb as it should have been. We dealt with it for the few runs mainly because I didn?t want to tell the wife I made a bad decision. I made it a winter project.
I winterized the boat last fall and during the process noticed the fresh water pump was cracked. Those winter projects turned into spring projects and I finally ordered the pump along with new wires, plugs, rotor, coil, fuel filter and belts from iboats. I flushed the shredded impeller out of all hoses up to the oil cooler and found nothing at the Tstat.
When I replaced the carb with the new Edlebrock 1410 I realized the pre vious owner had installed the Mercathode mounting bracket between the carb base and intake. Obviously there was a small gap and most likely a huge factor in performance. I addressed all these issues.
First run of the season was a little better but still not where I thought it should be. We don?t really run the boat for long periods of time, 10 min max then shut down and float in the coves for hours. Second run we shut down for the evening to let other boats clear the ramp. Tried to start and it wouldn?t crank, pulled the cowl and the motor seemed a little warm, temp gauge never went about 170?. Checked the oil and there didn?t appear to be any water in it.
I realized something wasn?t right and didn?t continue to crank it, got a tow in and pulled it home. Pulled the plugs and all of the cylinders had water in them. Turned it over with no plugs and it cranked fine, just looked like a sprinkler. I dried out the cylinders and ran a compression test followed by a leak down. Cylinders 2-8 were all between 150 and 154, same on 1-7 although 3&5 were 90. Leak down test was low on 3&5 as well. Sprayed some oil in 3&5 and the results were the same. Assumption was head gasket or manifolds.
I?ve already ordered all the gaskets from iboats less the intake set which wasn?t stocked. Exhaust and intake are off, two head bolts are iffy and almost rusted all the way off so they will be fun. After removing the heads which direction should I go?
I obviously have the peanut heads, should I just have these heads rebuilt, buy a rebuilt set, or go back with different heads and intake or just replace the gaskets and clean the heads up. I don?t have the funds this year to replace/rebuild the motor so I just need to get through this season.
Thanks,
