Boats are loud enough... all you will do is piss-off other boaters, and probably get yourself a ticket from a ranger for being too loud. But more importantly... unless you can change the tuning of your engine... I don't recommend it since with less restriction... it will need more fuel at high RPM's.
Is there a "Cold air system"... as far as I know... no there isn't. The aftermarket filters are still inside the engine bay. If they were exposed to the outside air... you could potently suck in water into the engine.