If the boat has not seen much use, you might just use it for awhile and see if it stops. Otherwise, there's not much choice. If you're absolutely 110% sure that the leak is there, then you're into pulling the head and the cylinder. There are o-rings in the cylinder jacket that keep the water inside the jacket. There also o-rings in the block where the cylinder enters. There are certain o-rings for coolant and there are certain o-rings for oil. There is no gasket between the jacket and the block as it's all handled with the o-rings. Also, these mating surfaces have to be pretty flat as there's about 85 ft lbs of torque on the head bolts. Wonder if the jacket is cracked?? If you go this route, I'd do the other cylinder also. Not much more work. If you're raw water cooled with seawater, you might not like what you find when you disassemble it and you need to be prepared for contingincies. You can google "md11 workshop manual" and download the manual for free. Numerous sites have it. I just rebuilt my md17 and the only reason I did was because I did 95% of the labor and it has always been fresh water cooled. Be glad to help you where I can....