It looks like a fairly big electrolytic capacitor, though why it there & what it is doing, I have no idea.
Others more familiar with the VP2001 may be along with a clue.
edit. It looks like the negative isolator has been linked out with those green/yellow wires.
I would be very tempted to pull that engine out & give it a little TLC, unless you have good access to sort things in place, while the saildrive looks clean, the engine looks like it has suffered a few leaks.
The electrics look like they are on their last legs.
Last edited by starfire; 06-04-12 at 10:06.
This post is made from 100% recycled electrons.