had a guy give me a 1975 larson. has a mercruiser 302 188hp thats what the valve cover says. The boat ran last year but it looks like he had a leaking exhaust elbow. he also say the carb and fuel system could need a good cleaning because he could not get it up to full speed. Would it be ok to run it with the water leak from the exhaust elbow? Any other advise would be great. would like to fire this up to see if it is worth running. I also dont thank he did any winterrising this last year. the boat was stored outside. thanks