92 v20 steplift thoughts

[mac83]

So I've got a bit of an update...

Since last post, I have put a conditional buy on this boat upon successful compression test, survey, and boat ride.

Compression test went as followed.
1-185
2-195
3-190
4-190
5-190
6-195
7-195
8-185

He said gear oil was really dirty, but no signs of water.

Power steering hose is cracking but not leaking yet.

Thermostat is either stuck open or not one on engine bc there was no heat in engine.

Next, we took boat for a ride. Everything was great until we got it up around 3000-3500 RPMs...engine started hesitating like water was in the fuel. I know the boat has been sitting and not sure if fuel was treated or anything...what is everyone's thoughts.