So it turns out there was an internal tear in the outgoing 1 5/8" exhaust hose! I have to give Boatsb some credit here - I read on other post somewhere on sams that he found inner lining separated and blocked flow. I may not have checked this without reading it there first as possibility. I believe exhaust gas caused so much back pressure from this hidden inner hose restriction that exhaust gas went through the mixing elbow, heat exchanger, and to outlet side of raw water pump where it could not overcome the additional head pressure needed. It's worth noting that tear was at a 70 degree bend in hose that was not part of original installation. You know how your supposed to loop the hose high above the waterlift muffler to exhaust thru hull? Well it looks great when you first do it (note this was good quality Trident 252 wire reinforced exhaust hose), but it apparently sagged over the years and made this bend down low, which was well hidden from any normal view. I'm going to zip tie that exhaust hose loop up so it stays on next install
I also took the end caps of the generator heat exchanger (it's an aftermarket Sendure) and noticed that half the tubes were clogged on the zinc end. The zinc pencils, which have been replaced fairly regularly, souped up into a big mess blocking half the tubes. Nothing a scraping out with a screw driver, wire coat hanger, and hose didn't fix.
As an aside, picked up a $30 endoscope on amazon (see below) that you can view thru your iphone. I scoped down exhaust tube and found the flap of delaminated tube. Measuring how far down I put endoscope is where I cut exhaust below. While endoscope has led lights on end, this one was worthless in illuminating view. However, I shone a flashlight in there at same time and that got it done. I also used to scope out my main engine heat exchangers thru the zinc plugs, what a mess inside! I'm going to remove the end caps and start cleaning that way over winter and follow up with phosphoric acid cycling in spring.
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