Having the great pleasure of changing the gaskets on my Evinrude 88 this weekend. I noticed a little water in the lower cowl and in a couple of indentions at the rear of the motor the last time I went out. I ran it on the muffs and saw where it was leaking around three bolts, all on the outside edge.
Needless to say, I ended up with two broken bolts (out of 21) on the lower left corner. I'm soaking them with Liquid Wrench and praying that they come out without having to go to the extreme measures.
Let me tell you, there was some carbon built up in the exhaust box. Looked like a nasty BBQ grill. One product that does work is PBlaster small engine tune up. Does what it says about breaking down the carbon. I'll hit it with some carb cleaner tonight to get all the residue off and my new bolts and gaskets should be at the house via mail on Saturday. Soaking the exhaust tuner plate in a pan of gas to get the carbon off of there.