Shrek, I think you got your basic issue w/the location of the vent fitting...that's absolutely the last place to put an air intake...no wonder it had water in the tank...our V20s vents on some models are poorly located...I repositioned mine ABOVE the rub rail and never had another problem...
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'74 V-20/ BF 150
'95 V-21/ BF 150
'84 V-20/ 200 2.4 Merc
'87 V-20/'18 F150 Yamaha
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