Are ya sure it is an overheat alarm.
A neighbor has had similar problem 2 times in the last year and called me to rescue him. It turned out to be low oil alarm. The merc has 2 oil tanks and the one in the motor ran out of oil. They just checked the external tank.
The alarm on it was a continuous beep also.
Had that happen in a my dad's bass boat, the one tournament i fished by myself and not with my tourney partner, alarm started going off, thought it was over heat, turned out to be low oil, had me freaked out, but then i was good to go.
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