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Hey guys,
As far as my budget. Obviously everyone wants to do the job as cheap as they can. I would say I have up to about $2,000.00 to spend on it.
I am sorry to tell you this. You said your goal was to reach a true 70 mph . You will not be able to do that on $2k budget. You still have stock Merc exhaust that is junk when its new. Yours has leaky riser gasket and most likely needs to be replaced due to internal leaks. You can not build any kind of engine that will push that boat to 70 mph with stock manifolds and risers. A set of inexpensive CMi uni-tops will run you about $2400 alone.
I would say, fix your carb and run the thing like it was. You said, with exception of the carb troubles, it ran ok. Your engine will still run with the leakage you have. It wont make all the power it is capable of, but it will run.