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I have a 1990 Yamaha 85hp. Older motor but has always ran really good. About a year ago I lost the lower unit. When I say I lost it, I mean its at the bottom somewhere in New Bern in 15' of water. Don't know what happened but that's another story. Replaced it with one I found on Craig's List. Since then I have smoke and water coming from under the motor. Only does this when in the water, does not do it on the hose. Can putt around all day 1/3 throttle with no problems, but not long after you open it up the overheat alarm sounds. He thinks it broke something in the exhaust and would have to take it almost completely apart to fix. Said it was not worth fixing. Anybody familiar with this problem?
