5.0, 305 merc program
Just bought a 2001 242 rinker with a 5.0..305 merc with a alpha 1 out drive. Ran great at sea trial but smelt a little gas in the engine compartment. Brought it home, washed the hull with dish soap and was bone dry. Filled tank with gas, went for a run and boat Boggs down, sputters. Boat runs and starts great, only Boggs down when giving her.bilge pumps out gas and a milky white substance. Does anyone have a suggestion where to start as I'm new to boating and already want to sell.