Back pressure in an exhaust system can rob you of performance, but check your carburetor.
If it's a 2 barrel your current set up is probably ok. Not optimum, but ok.
Detroit produced millions of cars with V8s and twin exhaust pipes under 2" in diameter (but they didn't pump cooling water).
The original engine in your Marinette may have been a straight 6 or even a 4 cylinder with a 2 barrel.
Many older boats didn't have mufflers but used sections of oversized exhaust hose instead.
The restriction at the transom is intentional and required to reduce noise.
The standard chrysler V8 setup in Marinettes is a 3" hose from each side of the engine leading to a single 4" hose then into a muffler (4" in and 4" out) and a 4" through hull.
Peter
1981 32' sedan bridge
twin Chrysler 360 cu. in. 250 hp engines
Raw water cooled
Nimbus II
Home port: New Buffalo, MI