Have a Mercruiser 888 302 Ford. Runs like a champ but sometimes i get smoke that smells like rubber burning. This doesn't happen at idle only under a load. The temp on the motor is fine when i get the smoke. It's not a wire burning. I had both exhaust bellows replaced and it did not solve the problem. The engine continues to run fine. I'm looking to sell the boat but not sure what to do.