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Im not really sure,but it dont look good. We were idling out of the river channel in to the bay,when the engine suddenly reved
really high,followed by lots of black smoke.the oil pan smells like diesel.
Sounds like you had a "Run Away" diesel and it destroyed itself. Bummer.
Getting an old used one may be cheap, but may also prove to be just another headache. I see no inexpensive way out of this one for you. Use your Google and see what shakes out I guess.
If you find that the M18 can't be resonably repaired, here's a option that may work. The M18 is really a Kubota Z600 engine. Go to dieselenginetrader.com or a similar site and see if you can find one. They're very reasonably priced, maybe 1/4 to 1/2 the "marine" cost for one in "runner" condition. Install the raw water pump, bell housing, and transmission off your busted engine and swap the exhaust manifolds. You will now have a "new" M18. The source of the new engine might even buy back the old one for parts.
Replied more for anyone else with a similar problem.
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