"Guy,
Regarding the T-stats:
"Guy,
Regarding the T-stats: Raw water cooled engines aren't a closed circuit, therefore don't operate under any system head (pressure), just the relatively low differential pressure established from the two pumps to establish flow. Therfore, raw water cooled engines are set to run cooler to prevent localized boiling (next to the cylinder walls). Some localized boiling is actually better for heat transfer, but too much could result in steam blanketing in the water jacket (unlike water, steam has almost no heat capacity, therfore won't tranfer heat away from the cylinder wall). Also, in salt water, the resulting salt and mineral deposits from the water boiling off results in a very detrimental effect... when those deposits are rewetted, you've now set the stage for severe and rapid pitting type corossion.
A closed circuit (FWC) system operates under pressure, about 7 or 8 pounds usually. This correlates to a saturation temperature (where boiling takes place) of about 240°F or so. So, with that added pressure to surpress boiling, the engine is allowed to run at the preffered (more efficient) higher temperature of about 180-190F.
Regrading the manifolds, the welded one kinda scares me. If it were mine I'd replace at least that one.
The risers sound OK.
The spacers are not a necessity and no you don't want to put those in if they're not already there. All they do is make the risers line up to the 'y' pipe in varying space and clearance applications depending on the boat.
What you'll get with the kit are gaskets that go in between the manifolds and risers that have the coolant channels blocked off. The fresh water will go from the Hx, into the tops of the manifolds and out the bottom, then back to the engine. If you had spacers, the blocked off gaskets would go above the spacers and the coolant would flow into the spacers, then into the manifolds, then out the bottom and back to the engine.
The raw water leaving the Hx will flow into the risers and out with the exhaust. The gaskets mentioned above seprate the raw and fresh water flow paths.
These guys are a little more expensive than what you've found, but they do have a downloadable .pdf file so you can see what you're getting yourself into.
http://i-netmarine.com/fwc/fresh.htm"