The only dipstick measurement that's important is the oil full mark...
And they're normally wrong (stock) more than right. It's important not to overfill the pan where the oil level is above the windage tray and getting into the crankshaft. Engine mounting and operating angles in boats compound this potential problem. The reality is that most pans of a given capacity really shouldn't be filled to that capacity in boats because many times the oil level on the low end of the pan (the angle thing again) will exceed the appropriate height and get into the crank windage area. Whipped up oil causes many problems as in aireated oil, low oil pressure, whipped up oil blowing out the breathers, etc, etc, etc,. All these if severe enough can result in engine damage. So too much oil in the motor is a bad idea.
So no the distance from the stick to the pan bottom really means nothing.