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I have 502 in my 2000 27 I get great gas mileage. On the river I top at 67 on Ky lake I can hit 73 I have a 23 Hydromotive LH.
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I concur, raw water pump needs replacing to the single piece unit.
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I have a 2000, 27 Fever 502 mag mpi with a 24 B1 lh that bblades labbed for me and it will run 71mph. The motor has 230 hrs on it with zero problems. Get in and go !!!
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Mine had about 500 hours with half of that running a whipple . I had a valve seat let go, and I think that is the problem you may have heard about. Not ideal heads for supercharger application. They are great as they are designed with stock setup, but not setup for a supercharger. I rebuilt it using aluminum heads, and have about 50 trouble free hours on it, and expect many more. As Griff stated, they like to use oil, but mine uses less using mobile-1 15-50 as well.
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Mine are 2001 502's with about 410 hours. Replaced both engine water recirculating pumps due to small leaks, and replaced one alternator in 2004. Engines have always run great. Also using Mobil 1 15W-50.
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460 hours and still running great, with no signs of deteriotating performance or more oil usage.
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Mine has about 600 hours on it, It smokes quite a bit on take off, not sure if that's normal or not for these engines. But it still keeps right at 70mph on the speedo no problem.
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