Don't know about the boat, the engine is a K&B with an exhaust throttle, a good set up but not the easiest to tune if you're not used to it.
The only issue with the engine, other than being in serious need of cleaning, is that it's pretty much made from unobtainium. Rod Geraghty, here in the forum, may be able to help you out with that as he's been known to have or been able to find K&B parts when others couldn't.