Your thermostat may also be stuck open and the engine is not getting up to operating temperature...and/or your spark plugs may also be carboned up and need to be changed. The plugs should be DR5HS.
If you do a lot of trolling, this could certainly be the cause.
Since the thermostat requires a little work to get to and to clean the surfaces to replace the gaskets, check the temperature at the thermostat. Depending on the serial number the thermostat opens either at 140 - 158 deg F or 158 - 176 deg F. If you do not have a temp gun, just putting your hand on it and feeling it....if you can keep your hand on it, the thermostat is probably stuck open, if you have to remove it after a few seconds, it is probably ok.
If this is the case, the fuel gets into the oil since the engine is not burning the fuel efficiently and the left over fuel seeps through the rings and goes into the crankcase...thus increasing your oil level.
Also...if you do a lot of trolling and not much high speed running, you could change your spark plugs to DR4HS (a little hotter plug) for a cleaner burn of the fuel.
Mike