Rich -
Stainless exhaust should have an equal or better life than stock exhaust - but its all in how you maintain it. Typically aftermarket exhaust will improve performace, as it will allow the engine to breath better - how much gain you'll see varies with the boat, the type of exhaust, the engine, etc.....
check out the EMI Thunder mainfolds and risers - ww.eddiemarine.com. I installed them on a 502 Mag EFI and have been extremely pleased with their performance. Also go with an aftermarket arrestor such as the Vortech, etc. Every little bit helps....
Good Luck.