The 90* Volvo style 4"-->3.5" adapters were specially designed for the Vortec engines to prevent reversion where the vacuum in the exhaust system can pull water up the exhaust. This and a pair of check valves that screw into the exhaust elbows to allow air in (but not out) eliminated the exhaust reversion issues with the Vortec 4.3s. You might want to go this way even though it will cost more to protect that nice new engine! If you look at the older engines pre vortec they had the same manifolds and elbows but because reversion was not an issue, they did not have these 90* adapters, they used ones just like on the V8 models with a gentle (not sharp) down-turn to them. When the Vortecs came out they had to change the exhaust due to the reversion issue. If you still have the rubber flappers in the Y pipe you would not need the check valves for the exhaust elbows, Volvo added these because they got rid of the flappers. OMC kept the flappers till the end of their production (1998) but Volvo got rid of the flappers in '99 and added the check valves to compensate, they may be a better solution actually.
late model OMC 4.3 V6 exhaust, no check valves, flappers in the Y pipe....
http://www.crowleymarine.com/johnson-evinrude/parts/56844.cfm?mdl=LJ9E1S
late model Volvo Penta 4.3 exhaust, check valves, no flappers in Y pipe....
http://www.volvopentastore.com/Exha...on_id.199128326--store_id.366--view_id.791178
The manifolds and elbows are all the same basically, as are the 90* adapter pieces and hoses, the only difference is the check valves and flappers. I was able to get all the Volvo parts and did not need the check valves because this is a pre-vortec engine and I still have the flappers in the Y pipe.
Sounds like you're trying to make Merc parts work. I thought of this but while it might have been a bit cheaper, the Volvo stuff fit perfect like factory. The issue was adapting the 4" Merc elbow outlets to the 3.5" OMC Y pipe. The new exhaust also runs nice n cool, cooler than the bat wings because the cooling ports are much bigger.