Also, if you are worried about keeping it alive - don't run it lean, keep the timing conservative, and it will last a long time.
99% of every vehicle on the road today came with cast pistons, even the new hemi's (6.1's excluded), and those can take quite a bit of abuse and make a ton of HP.
And if your boat "only" does 50 MPH - so what. Are you going there to race or to have a good time? For me, I'm pretty sure my kids can't ski behind me at 50 MPH - or 40 - or 25 for that matter.
Growing up, our boat could only do 45 MPH, and that was way faster than any of us could handle skiing behind it.