Well, I've been busy this week.....I finally gave in and took the boat to a Marine shop (insurance claim) to get the prop, shaft and rudder done. At first glance the Pro thought for sure I was over propped too, but after confirming my engine and tranny setup, it appears I have a 3.1 ratio, and a 13LH12 is actually a bit under propped for my set up....specs call for a 15LH10, but apparently by dropping 2" in diameter, and increasing 2 for pitch equals "almost" the same performance. I knew the prop was slightly damaged, but the shaft DID turn out to be bent too, so new shaft coming as well as prop repair...they did remove the rudder to accomplish all this, and I've been told it was rather easy, and that they WILL show me how to do it myself when I pick the boat up...I will pass on the info when I've got it
These are the specs listed right on my YSE8(G) motor:
...................HP...... 7..... 6.... 5
Speed Crank (RPM) 3200 2600 2200
...........Prop (RPM) 1093 888 751
now as for the HOT exhaust problem (these guys have bee the MOST helpful marine mechanics I've ever got to provide such FREE advice and knowledge, although the $500 deductible I'm forking out might have something to do with that too

), it appears a previous owner fixed and welded the whole silencer and U piece together, but in doing so, DID NOT re-wrap it in fiberglass wrapping, as mine is a "dry" exhaust, with the water entering on the down side of the U shape, which leaves it to get VERY hot by design. $7 for fiberglass wrap, mechanic's wire and 5 minutes, and problem fixed

....and it was clear and NOT plugged as I thought I was going to find inside.
which brings me back to my original problem: black smoke and no power....now that I know the the exhaust isn't plugged, and the prop is the right size, there goes those reasons for black smoke...and with a rebuilt injector pump and injector done, guess that leaves only a few other things to check......like improper valve lash setting (will check), poor quality fuel (emptied tank, and will clean in Spring), low fuel pressure (electric fuel pump already installed), improper injector timing (will check), poor compression (new head gasket done last winter) or a fouled bottom ( hull bottom painted, but the "guys" said it looked good, and wouldn't be loosing much more than a 1/4 knot at best).
They didn't think my damaged prop and shaft were enough to contribute to either the black smoke or loss of power, but they are "pretty" sure the black smoke IS Fuel related, and not the motor itself, so that should help narrow it down in the Spring (already winterized it).