Loss of Power

JohnnyDJohnnyD Member Posts: 11
I have a Rinker Fiesta Vee 250 with a Mercruiser 350 MPI Horizon engine.  All of a sudden when I start going the boat will go up to 3300 rpm but no faster than 12 MPH.  Reading on line they mention spun propeller hub.  But mine appears ok.  The gear lube oil reserve looks brownish with white froth on top.  Could there be water from seal leak?  Temp of engine looks ok and no audio alarm.

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