I'm hoping you have the 1.62:1 lower, it would make it rare but faster than hell, when you pull the lower to replace the water pump count the rotations it takes to get the propshaft to go around once (two turns = 2.0:1)
Does it have solid motor mounts? very very important...
Thanks for the advice GT. It takes somewhere between 1.6 and 1.7 turns of the flywheel to get one rotation of the propshaft, (not sure exactly, its been awhile) might be 1.62

. It does shift into gear (forward and reverse) and appears to have some sort of drive ratchet ?
Motor mounts

It has motor mounts

Where would they be

You can tell I'm a real expert on OBs, cant you

.
Also the propshaft is about about 3" or 4" below keel (the lowest setting on the brackets), and the lower unit has no low water pickup (cant find one for this old beast).
Is it hard to change the waterpump ?
A little history on this thing. When I got the boat the owner didn't know if it ran or not (never tried to play with it), so I assumed it was junk. I bought it just for the hull (I always wanted one). I did a compression check and it had the same compression on all 6 cylinders

(+/- 10 psi). I shot some 2 stroke oil in the cylinders and it started to even out more (haven't checked again it now that it runs). When I finally figured out the wiring

and tried to start it, it ran on three cylinders

. I started checking things and found no spark on 3 cyl. After a lot of this

it turned out to be a bad switch box . I got a deal on a set of used switch boxes (changed both) and it started right up ( in a HUGE cloud of smoke !!! ), it ran rough but cleared out after awhile. It does not use the fuel pumps on the motor (it has a holly blue pump and regulator, 5 psi), and someone in the past did some modifying on the cover over the carbs.
You now know everything I know about OBs