Comments and guideance greatly appreciated.<br /><br />"The Patient": Recently replaced the water pump on a '86 Yam 200hp. I've had this boat for just over a year. This motor appears to have been well maintained or seen little use - very clean. It has run well for the past year and I'm getting familiar with the maintance issues, etc. Local mechanic check it out when I purchase it and compression was at spec and balanced with all cyl.<br /><br />Symptoms: Recently after replacing the water pump within 1 hr of running the engine warning alarm sounded. The low oil indicator light was lite up. Just prior to the alarm sounding for the first time the motor was having trouble exceeding 4200 rpm. Alarm stopped with key in forward positoin after 15 min. and then came in at low speed. Tried to rev. out the motor again and the alarm sounded again. All this time the jet of water from dicharge was very strong. Both oil tanks are full.<br /><br />I intend to try the thermostats and the oil level sending system, floats, etc. One individual I spoke to mentioned a filter in the base of the remote (engine) oil tank may be restricted.<br /><br />Last issue - Is it good preventative maintenance to pull heads and clean cooling jackets on this age of motor?<br /><br />Thanks for any help provided.