When it comes to boat ignition/distributors, unfortunately there isn't really any automotive corners to cut like with many other parts of the engine. The reason, is because they have to have the correct venting in addition to being SEALED effectively with spark prevention measures incorporated.
Not to forget the importance of the correct ignition advance curve for the Marine engine.
The Automotive advance curve would be incorrect and may damage the Marine engine!
In a boat, the engine is blocked off in an enclosed area with very little actual venting going on. Thus, fuel vapors tend to unknowingly build up, even without fuel leaks many times, and this creates the perfect recipe for the distributor to ignite those fumes if it is not properly sealed and is missing USCG approved spark prevention measures incorporated into the distributor. Many people will tell you they've ran automotive distributors and "been fine", but that just means they were extremely lucky... I have seen 5 boats, just in the past 2yrs, completely blow up the aft section of their boats (kinda like in the movies, but not quite as dramatic of fashion) two from running automotive starters and the other 3 from running automotive distributors... So, the risk is very real unfortunately.
Take heed of the above!
The other major problem - if the USCG or anyone else boards your boat for inspection, you're looking at a huge fine and risking farrrr more money lost/wasted in the long run, rather than just having bought the marinized version.
Take heed again.