Yes, it can be that easy..... sometimes. The first thing I would do is remove the spark plugs and attempt to turn the boat over again. Put a rag over the holes in case your issue is a hydrolock of some kind. If it turns over and you get an unusual amount of fluid coming from the cylinders you will know where to start troubleshooting. Might as well leave the plugs out. If it still just clunks, try to turn the PTO with your hands. This will tell you if there is an issue with the motor or a bound up jet pump. If the motor rotates freely, that's good. The rest of this is oversimplifying a little, but then I would put my hand on the starter and have somebody hit the starter button. If you feel clunking coming directly from the starter it's likely the starter. If the clunking is coming from the solenoid inside MPEM enclosure, it's likely the solenoid. This is what I've always tried when I've had these problems. Just my two cents.