I'm going to stick my neck waaaay out.
IF IT WAS MINE; Drain the crank case oil, and oil filter. Fill the crank case with kerosine. PULL THE INJECTORS.disconnect the fuel line. turn the engine by hand (if you have water in the cylinders this will clear most of it), squirt alittle kerosinein each cylinder, turn the engine by hand 2 or 3revolutions. If you feel no binding, cover theinjector ports with rags and jump the starter terminals to spin the engine. YOU ARN'T TRYING TO START IT!!!!! This will pump the kerosine/water out of the cylinders, and force the kerosine thru all of the oil passages in the engine replacing any water in them. Drain the crank case, replace the oil filter and fill with engine oil. spin the engine again THE INJECTORS ARE STILL OUT. Check the dipstick if the oil has water in it change the oil. reinstall the injectors and try to fire the engine. Of course all of the fuel lines, filters, tank need to be cleaned. The starter and alternator need to be dried & checked, but you MIGHT be able to dodge a engine overhaul. Understand, if you have the $$$$ & time overhaul it. But I have done this and it can work. After you have run the engine 10 or 15 min at an idle, shut it down and change the oil again. Good luck!! Tom s/v GAIA