I took a 4 day vacation last week with the family. Day 1 at 6:30 am I had major trouble. I was fishing while the family slept. Looked behind me and had an oil slick trailing. After pulling it out of the water, filling it back up with oil, we (Mechanic and I) cranked it back up. It idled smooth as silk but the main seal under the flywheel was cocked up on one side which is where the leak was. I had just ran it about 9 miles from where we were staying to a marina. No warning horns, running smooth as normal. They checked the computer and there are no codes on it for low oil. That said, it did throw most of the oil out. There were probably 2 quarts left in it. I put it on the trailer with the trolling motor after discovering the problem and didn't start it back till the mechanic and I had filled it back up with oil and looked for the leak. The oil had been changed in it just before I left to go on vacation and I thought it might have been the filter leaking. That was not the case obviously. While we were looking for the leak it was running smooth, idling smooth, no knocking like it had internal damage. The mechanic was looking around elsewhere for the leak. I'm the one that spotted the main seal popped up and leaking. It was a steady seep, not a pour but then again it was idling so the pressure wouldn't have been as high as it was running up the river.
I had intended to run this rig another 2 years to let Mercury work the bugs out of their new 4 stroke then trade it off. This is however changing plans I guess.
Would you trust a rebuild on the engine or buy a powerhead long block? If I put $10,000 in this rig on a powerhead I will definitely have more in it than it's worth. I bought it used at $24,000 and already have about $3,000 in it fixing stuff. I figure I would have a tough time getting $18,000 out of it. I'm not sure a new powerhead would add much to it.