We have a 1987 OMC 5.0 Liter engine and have steam surfacing through the crank case ventilator hoses coming off the valve covers. We have replaced the heads and associated gaskets thinking this would cure the problem, but it still exists. In a related or unrelated problem the engine will bog down and miss mightily when acceleration is attempted, particularly quick acceleration. Also, to further complicate matters, there does not seem to be water on the oil dipstick leading us to believe that the block is not cracked. Where else could water penetrate? And, what might cause the bogging and missing? Fuel mixing with water or an electrical malfunction? Any advice or ideas would be greatly appreciated.