My Owens has been in the water for almost a day and a half. She floats. There is a little leakage, but I'm getting by well with a 500 gph bilge pump, although I have a 2000 gph ready to install if needed. They say these old wooden boats expand and tighten up after a couple of days in the water, so she should leak even less in the near future.
No worries now. The engine is good to go, and the only thing that kept me from taking her out this morning was having a job interview to go to, and other errands to run. I did rewire some stuff between the batteries, the coil, and the ignition, but the intermittent fail on the ignition key (which I may or may not have mentioned before remains). My theory is that it is in the starter, and that if it stops at a certain place it doesn't brush or whatever to get the ignition voltage.
Anyway, I still have a ton of cosmetic stuff to do above the waterline. She looks a little rough with my spread it with your finger caulk job, but the rain has mostly stopped coming in, and the rest can be tackled bit by bit for as long as I own the boat.
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