Thanks for all the insights. Here is an update. General consensus is it is fuel related -- possibly fuel contamination or something. Realizing that I have no ability to work on the carburetor myself, I was (am) going to take it in for a tuneup. However, the boat guy is booked for a ways out, so I decided to take it out once more and run the additive through a little more. I thought I'd try the old Italian tune-up, aquatic-style...
Well, boat ran good as always with throttle but still no idle ability. It just died when the throttle was disengaged. Resigned to failure -- I thought I'd try one last thing. I just wanted to really rev it and blow things out. Unlike a car, where you can just easily step on the throttle in neutral to run up the revs, with the boat it doesn't really work that way. Once you rev it up, the transmission grabs and it goes... So I started just punching it with short stops and starts. Looked like I was doing wheelies with the boat. My daughter was with me and thought it was all a blast... Anyway, after several of these in forward, I did a quick reverse punch... And bam! a fairly large "puff" of something exited the rear of the boat... My daughter said it was grey or green ? I heard it more than saw it really. Anyway, guess what? Boat immediately started idling perfectly -- ran it and tried it for another two hours that day -- it was like the day I bought it... I was stoked but what was it? a bit of muck?