4.14 stroke Fords with ported D0VE heads make great jet boat engines.

As far as the fogged headers, you can add a T-valve which stops water flow to the headers during idle, typically shuts water off to the headers below 2000 rpm when set up right. The water trees feeding the headers are usually 1/8-inch and the fittings that screw into the primary tubes should also have small orifices...I think 1/8-inch but I haven't looked at any for some time. Restricting the amount of water to the headers should help your excess exhaust water condtions.
Sig Erson Cams has changed hands a lot over the years, being owned by Super Shops in the 1990's and currently owned by PBM in Carson City, NV. You could check with them as I've contacted them in the past and received cam specs for out of production Erson cams. By the way, Erson cams typically have an LSA that is on the tight side relative to dur@0.050" (compared to OEM) and tight LSA cams generally work really well in the 460 engine platform...not surproised the boat hauls ass.
LO