I also have the 5411 engine on my 1980 C 30 - same year as yours.
As far as your question about a sea strainer, I & most of us just have a bronze slotted sea strainer which is fixed to the outside of the hull, surrounding the raw water intake.
It blocks the big crud from getting in, but has a large enough diameter to help prevent blocking it with any debris. The 5411 cooling loop confused me as well at first. I leave the valve shut going to the thermostatically controlled loop, because it stops water from discharging through the water muffler, until the thermostat opens up at 150 deg. While this is designed to allow the engine to warm up faster, & hence run slightly more efficiently, it makes me uneasy to see no cooling water coming out of the transom when starting up. It can take 5-10 minutes or more before the thermo. opens up & allows raw water through the muffler. It can get so hot that it makes steam out of the exhaust. I've gotten the advice from several marine mechanics & they don't see any real advantage to using the thermo controlled cooling loop, unless the weather is very cold & you wish to warm the engine faster. But it makes me uneasy to wait so long for cooling water to flow through the block to water muffler. The muffler should not get so hot that it steams. This can shorthen its lifespan. Although my water muffler is rather large & it still seams to take about 30 seconds of running before the pump can fill it enough for discharge though the stern.
ps. The Oberforfoer pump works well enough, but it has a small grease cup on it that will rust away after many years. Mine broke off & started leaking water. So I advise you to replace it before hand, if your pump has this feature.
Otherwise the 5411 is a tuff lil' workhouse that I have few complaints, other then I wish it had a lil more oomph. But I would not trade its reliability for a bigger engine.