Has anyone experimented with water injection. Everything I've read indicates it's beneficial to combustion, improves fuel economy, and most importantly lowers EGT. I would think it would be relatively simple to install something for cruise only RPMs. I'm in South FL and see 800 F for long periods of time at cruise in the summer. I've posted this questions several times over the years on boatdiesel with no response.
Water injection is an old idea.
There are two general reasons people consider it.
1- To 'de-carbon' the combustion chamber of an old/worn engine.
This requires very little precision. Essentially just pour it (water or maybe ATF) into the carburetor/air intake of a fully loaded running engine at a rate that does not stall the engine.
This is an act of desperation and borders on the practice of witchcraft.
2- To cool/change the mass of the air going into the engine.
As I understand the history, in WW2 piston engine aircraft were able to make a tiny bit more power when flying through rainy conditions.
This requires a high precision delivery system to avoid problems.
This is rooted in real physics and practical experience, but, I'd bet a nickel that you won't be able to measure the difference on your boat.
An easier way to get this done is to pipe your engine intake air from the outside through an insulated duct. If it 80 outside and 100 to 120 in the engine room that is a significant change that really can change things.