I recently bought a '93 Advantage SR21 with the 7.4L/Bravo 1 setup. When I launch it, if I let it idle for few a minutes without getting on plane (like going through a lengthy no-wake zone) the temp. skyrockets to 200+. As soon as I get on plane it drops to 140-160 and stays there the rest of the day - even if I idle around. Could it be a bad impeller? I owned a jet boat before, so having a I/O is new to me.
The impeller should be changed out every year. Your motor should NEVER hit 200. If it were me, I would spend the $20 bucks on a new impeller, just to be sure. When changing it out, be sure it is complete,and not broken. If it is, you can backflush by pulling the main water hose that connects to the thermostat housing,( look in the housing to be sure there are no parts in there) and flush back through the oil cooler and the pump. Put the pump end of the hose in a bucket , to be sure you have all the parts.
Darrell.