thank you for your reply the boat will only go 2 to 3 knots and very little in reverse.The boat bottom and prop is clean.
Sounds like a severe problem. Maybe not expensive or complex, but severe.
Couple of answers may help to solve the problem:
1. Has the smoke and no power been a problem since the first hour ?
2. What is the maximum RPM in neutral ?
3. Does the engine still smoke at high RPM in neutral ?
4. Is engine starting easy or hard ?
5. What is the diameter and pitch of the prop ?
6. How old is the fuel ?
As mentioned above posts, start with the simple stuff $$$ first and move up from there.
a) Check the air cleaner/silencer as per Warren. Rags, obstructions ?
b) Remove and check the interior of the mixing elbow.
c) to be continued ..............