I have been cautioned to stay away from this boat by a few of you and that's my first reaction as well.
However, knowing that the boat seized when it sunk and now it is showing strong compression at 180 to 182 on 8 cylinders, is that not a sign that the engine was either replaced or rebuilt? I am no mechanic. Is it possible to fix a previously seized motor to get those kind of compression results now, but in a way that is only temporary? If it is, would a leak down test be enough to show if the work on rebuild was done correctly?
I know electrical systems could be damaged when sunk. Currently gauges are working (except for the Toyota gauge with hours, etc.; from the forum, it sounds like your boat doesn't have to sink for these gauges to be temperamental!!), which suggests that someone has fixed much of the electrical. Is there not a way of testing that the computer and other electrical components are now working properly? Would a Mastercraft/Malibu/SAN repair shop be able to test the electrical adequately or would they not have the equipment to do so? Scope, etc.?
I just don't want to write this boat off before I know for sure. There are potentially a lot of positives (rebuilt or brand new motor, upholstery, exterior, and trailer looks great). With all of these new replacements, I suppose one could argue that the boat may be worth MORE than other comparable boats out there?? That's a bit naive to say, I'm sure, but if a thorough review of mechanical and electrical components is done and it checks out well from a trusted mechanic, what am I missing??