After almost 40 years as a mechanic, I can assure you, these ARE just the basics. Now that we know this engine is a 5 litre V8, we can lose #3 as it has electronic ignition. If that engine came into my shop I may skip a few steps on hearing it run, but over the internet we don't have that luxury. All we can go on is what the poster writes, we can't verify that in person, so I ask for all the tests that cost nothing (or very little and are nothing more than basic maintenance anyway), and yield usable results. It may sound like a fuel problem to you, and there is a chance it is, but we had just recently a thread involving an engine running for about 30 seconds and then dying. The OP and most subsequent posters jumped to the conclusion it was a spark issue. I asked the OP to check if spark disappeared as the engine shut down. For S&G he 'humoured' me.... Lo and behold, not a spark issue after all. Turned out to be the oil pressure switch that powers the fuel pump. Point is, without seeing, hearing, feeling the engine, no conclusion jumping! Do the tests, post the results, move to the next set of tests.
Now, your list. Compression test should ALWAYS be the very first thing, no exceptions. Spark plugs do go bad, seen plenty in my time, or they could just be old and in need of replacing anyway. I have seen plenty of V8s idle perfectly smoothly with one cylinder completely dead, or a couple of plug wires crossed (do the search here, we have at least a couple every year), I've seen a Merc outboard V6 run smooth as silk with #2 and #5 plug leads swapped, it just wouldn't run up passed about 3,000rpm.. Remember, we can't see, feel or hear this engine. What the OP says is a smooth idle we might see as a rough idle. Do the tests.....
Sorry for the above diversion.
Serial number. Can also be found on an aluminium tag on the block down on the starboard side, just above the starter motor. Read
HERE if you're unsure what I'm referring to.
Even though those items were performed 6 months ago, doesn't mean something hasn't changed. If it's not too difficult it's worth verifying, just for peace of mind that it isn't one of those. Not difficult for an engine to drop a valve after coming out of winter. When I pull filters, I dump the contents and look at what they have trapped, but they ALWAYS get replaced. As far as I'm concerned, they are an expendable item, and never get put back on unless there are extenuating circumstances. Put a new one on, you might be surprised. If there was water in the fuel tank, there would be water in the filter, so unless there is, there isn't. If you do fear some water in the tank, put about a litre of metho in for every 100 litre of fuel in the tank. The metho will pick up the water and carry it through to the engine and allow it to be burnt and expelled.
One test worth doing is to put a vacuum gauge on the incoming fuel line. Make sure the pump isn't pulling against something. You need to see less than 2" of vacuum on the gauge in this position. Another test is to put a section of clear hose in the line between the pump and the carb. Make sure you see no bubbles...
Chris......