Phat, looks like you win the overheat derby.  I used my micrometer on the driveshaft and then my veneer calipers on the ID of the old Impeller.  there's almost .020 slop.  Seems Mercury used 2 different driveshafts on these engines and as you correctly called it that results in 2 different impellers and housings. 
The PO obviously installed the wrong one.  It's just enough that the pumping action just isn't there.There shouldn't be any slop between the shaft & impeller. There are two impellers that can fit that outboard. The 47-89981 has a .456 ID the 47-89980 has a .438 ID. The .456 is what I have, the .438 is what should be there.
		 
		
		
		
		
		
		
			
				__________________ 
				1987 V20 w/1987 150HP Yamaha on a Shoreland'r Trailer 
1978 16.5 Airslot w/1996 120HP Force on a Four Winns trailer 
1996 V21 w/1993 200HP Mercury on a Shoreline Trailer  
All towed by a 5.7L Hemi Durango.
 
  
If God didn't have a purpose for us we wouldn't be here, so 
Live simply, Love generously, Care deeply, Speak kindly. 
(Leave the rest to God)   
 
Silence, in the face of evil, is itself evil. Not to speak is to speak, not to act is to act. God will not hold us guiltless.
			 
		
		
		
		
		
	
	 |