Turns out that the points were the culprit. It was either the points or the advance springs in the distributer. Re gapped the points and lubed...
An update: Ran boat with separate fuel suppy. I have now eliminated the fuel tanl, line, pick up screen, etc. Problem still exists. Watched...
I will be working on the boat later in the week and I will check that and let you know what I found. The carb is a rebuilt just put on this year....
One other bit of info, the previous owner of the boat replaced the engine with a 2000 4.3l. The engine still has points, not electronic ignition.
I replaced the parts because over the winter I removed the heads and had the valves replaced(detenation). I had assorted problems with the boat...
This is very frustrating! I have a 1986 OMC Cobra with a 4.3l engine. Just recently I have begun to experiance what I thought was a fuel problem....