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Who installed the pistons and rods and assembled this motor ??
It's a Ford marine engine, if it's a V8, it is probably a 215hp 292, or 312 cubic inch motor.
Most likely something wrong with float or valve. Did you replace the float? If it leaks and fills with gas, it don't float so good.
Ok, thanks. Assuming the prop is appropriate, does anyone have any thoughts on upgrading the carb?