I have a 1998 Ranger R-91I with a 1998 Mercury 200 EFI motor. After leaving the boat ramp about 10 minutes run time I noticed a beeping sound while running about 4000 RPM. I stopped and pulled the cover off to see if the engine mounted oil tank had oil in it, and it appeared to be full. I decided to go back towards the ramp, and stopped about half way and fished for about an hour. When I started it up to go back to the ramp, it was running fine, water streaming out as normal, and no alarm. A couple minutes into the short run back to the ramp the alarm went of again, steady beeping. At this time there was no water streaming out like normal. I’m guessing the impeller let loose. The impeller was replaced about a year ago, according to the person I bought the boat from. Is there something else I should be checking in this situation?