A fresh 717 engine properly built and tuned will make 150-155 psi and 85 HP with an 82mm bore, at or near 127 psi and lower you will see the onset of excessive heat and seizure signs such as piston scoring and oil coking on the piston skirts, they don't last long from that point on and you can expect compression to drop off sharply with continued use.
Expect to have a pretty loud and destructive failure well before your motors continue running to a low point of 90 psi. and you already know the crank seals are bad.
Your piston skirts will come apart from oil film loss and extreme heat before you'll likely ever see 90 psi. on a compression test, and your crank seals are leaking coupled with low cylinder compression, that's plenty of information to draw the conclusion it's past time to rebuild them while there's something left to save.
Your carbs could probably be rebuilt and tuned on the boat after installation to compensate for outer crank seal leaks and make it run pretty well at this point with 120 psi of compression, the problem is things won't stay that way for long. You may only get a few hours out of them before something goes bang. It may be made to run well today and won't get out of it's own way tomorrow, complete seizures after shutdown or low rpm operation at idle speeds are very common on low compression engines that get tuned to run out to WOT and used that way such as required to get a boat on plane.
Now maybe you understand why I linked to that other thread where I stated I won't work on a jet boat engine below a 15% loss of compression. If that doesn't make sense go back and read it again and pay attention to what I wrote and not just what's on the list. You're pushing a boat hull that's 2/3's more wetted surface than a jetski and has the ability for twice + the passenger weight load and have you seen how much extra weight some people cram into storage lockers and bring on board with them? There's more wiggle room in a twin engine boat with the extra HP, a single really has to be right to run the boat satisfactorily.
That's the difference between shadetree's and hacks tuning something to bleed out the last little bit of life left before it completely self destructs or someone responsible enough to cease using an engine to preserve whatever value is left.
You know your engines are well beyond their useful service life at this point and it's up to you to choose what to do about that.