For what this is worth, the following is from two different older engine model Mercruiser owner’s manuals...(Big block 8.1L and Small block 5.7L).
Checking oil level:
Maintenance
Checking
1. Stop the engine. Allow approximately 5 minutes for the oil to drain into the oil pan. The boat must be at rest in the water.
2. Remove the dipstick. Wipe clean and reinstall fully into the dipstick tube. Wait 60 seconds to allow trapped air to vent.
NOTE: Ensure that dipstick is installed with oil level indication marks facing the rear of the engine (flywheel end).
IMPORTANT: Add the specified engine oil to bring the level up to, but not over, the full or OK range mark on the dipstick.
3. Remove the dipstick and observe the oil level. Oil level must be between full or OK range and add. Reinstall dipstick into dipstick tube.
Filling:
IMPORTANT: Do not overfill the engine with oil.
IMPORTANT: Always use the dipstick to determine the exact quantity of oil or fluid required.
1. Remove oil fill cap.
IMPORTANT: Add the specified engine oil to bring the level up to, but not over, the full or OK range mark on the dipstick.
2. Add the specified engine oil to bring the level up to, but not over, the full or OK range mark on the dipstick. Recheck oil level.
3. Replace the fill cap.
Am sort of surprised the 4.5L owner's manual reads differently than many of the others in the past as it's always been mentioned that it's best to get a more accurate reading level while the boat is in the water at rest on a calm day.
Mercury 6.2L MPI Manual Online: five years or 500 hours, Engine Oil, Checking, Oil Level-Overfilled, Filling. • Replace The Antifreeze—Replace The Antifreeze Every Two Years If Not Using Extended Life Antifreeze—Dealer Item Engine Oil Checking Discharge Of Oil, Coolant, Or Other...
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