My Nautique started bogging down about 3 years ago, and 2 years ago it wouldn't pull a skier out of the water very well. Gas mileage was getting really bad. After storage last year it ran extremely bad, pumping blue/black smoke out the back and burning 5 gallons in about 30 minutes and I couldn't take it out (engine cooling was still working).
I tried fixing small things one at a time (fuel filter, fuel pump, fuel line, car rebuild, new ignition setup, rotor, cap, etc) and nothing worked.
Here is what I wish I would have done in the first place to possibly save $1500 in unnecessary parts and labor, and a year off the water in case it helps anyone (stop where it fixes the problem). It would have taken less than 2 hours for an inexperienced person.
1. Check and replace/regap spark plugs, make sure spark plug wires are in good condition and have good connectors
2. Check the firing order of spark plug wires on the distributor cap by referring to the user manual
3. Get a $35 timing light
4. Spend 30 minutes to learn how to analyze timing at idle and at 3k rpm. It is really that easy.
5. Spend 10 minutes checking the timing and marking with chaulk.
6. Reindex the distributor (see video below)
7. Adjust the distributor advance if the above do not fix the problem - 45 minutes; it is not difficult. Mark the distributor cap, wire order on the cap, and draw a line from the distributor shaft to the engine block to identify the distributor's position before you change anything. If the timing doesn't change when rpms increase (e.g. go from 10 degrees before top dead center at idle, to 24 degrees before top dead center at 3k rpm), that means it is not advancing and the weights are not expanding at higher speeds, start with just replacing the springs ($7-$15 and about 20 minutes of time).
This would have told me that my 20+ year old distributor (a) timing was off, and (b) it was not advancing in timing. That would either be a fast and cheap repair (e.g. new springs) or a more costly replacement . My old distributor had a magnet sleeve under the rotor which is basically a case that holds 8 magnets and sits on the distributor shaft. I noticed the magnets had come out of the sleeve, and only found 4 of them so I tried replacing the ignition. The new ignition setups do not use magnet sleeves anymore. Did not fix it.
Excellent videos by the SkiDim.com team:
https://www.youtube.com/watch?v=9EQj22w7R3c&t=110s
https://www.youtube.com/watch?v=kvIu3faZ4ss
I ended up replacing my distributor and spark plug wires with a new one. It was very expensive but my old Prestolite one has been through years of salt and fresh water and I was concerned the lost 4 magnets were doing something to prevent the weights from expanding. The DUI distributor (bad name) seems to be a lot more powerful, and I followed all of the instructions.
Here is the one that fit my 1988 Ski Nautique 2001 351W RH rotation. The team at skidim was very helpful and gave me a ton of instructions for free.
https://skidim.com/dui-distributor-351-rh.html" rel="nofollow - https://skidim.com/dui-distributor-351-rh.html
I took my tools on the water and had to make some slight timing adjustments (e.g. 2 degrees) vs out of the water to alleviate rough running.
Happy to provide more info it it helps.
David