Hello from New Zealand. I recently purchased a 2005 Four Winns Horizon 180 - after having it checked over by a Volvo Penta Dealership - as that is the engine the boat came with.
It passed inspection and first time out on the water (about 500 meters out) - engine exhaust alarm went off - anyway apart from mild panic - I turned the engine off and waited 5/10 mins and then restarted hoping it would go away

. Engine started fine each time, temps were OK etc - however alarm kept sounding. However I thought the cause might be the ignition (stupid I now know). I turned the key off and as the motor was dying, turned back to the run position - and I think at that point the engine took a big drink into cylinder #1 and got hydrolocked.
Took into Dealership and they confirmed the hydrolocking, drained engine fluids, flushed it out, replaced fluids, ran it up, compression tested the engine - listened to the engine - no knocks or rattles, did a sea trial - and that is where things got interesting. Very Growly the marine mechanic noted (they had already mentioned it when the boat was on the muffs) - he thought the gimbal bearing was shot- UJ's seemed fine turning port or starboard. So off comes the leg - water in there - found hole in bellows and gimbal bearing showing signs of rust and was very nosiy and bascially knackered. Took 90 minutes to get the gimbal bearing out - when he expected it to take a few minutes. Also had oil sensor alarm and exhaust sensor alarm replaced (not sure of correct wording here).
The problem now is that after getting the new gimbal bearing into place the volvo alignment tool would not align and after moving the engine mounts (as far as the play would allow) - the alignment tool would still not go all the way in and he showed me.
The mechanics cannot believe how far out of alignment it is. They are planning to lift the engine and drop it back in so that it aligns with the leg.
I have a couple of questions :
1) Should a good marine mechanic pick up the gimbal bearing issue at a pre purchase inspection - the current dealership says it was obvious and they should have picked it up
2) Has anyone else had a problem with Horizon Volvo Penta engine alignment (major) both vertical and horizontal alignment when replacing a gimbal bearing and bellows
Not such a great start to the joys of boat ownership.
Cheers