there isn't a timing mark on most of the engines. It's a tape. But, you can set TDC, and figure it out from there. If you get a light with a timing adjuster... then you don't need the tape on the engine. You adjust the light until the marks line up, and read it off the gun.
I understand your frustrations, but any older, used boat can have issues. Buying an I/O may get rid of the 2-stroke smoke... but that heavy drive has all of it's own issues. If you want a reliable boat... finance a new one. I know you are calling it a "Jet Ski Boat"... but really it's a Mercury outboard. (same engine, and gear case)
BUT.....
Once you work though the issues... then it can be reliable. Selling, and buying another used boat just means you start over.
The oil injection on an older merc does become marginal. The internal gear can give up. So, I'm not opposed to removing it on this engine. BUT, trying to keep a big fuel tank MIXED properly isn't easy. (it can separate, or may never get mixed in well) AND... people get busy, and it's known to happen where oil doesn't get mixed in. (so piece of mind isn't everything, or assured) Here again... just a new set a problems.
Anyway... to remove it... you don't need a kit. Just pull the pump from the engine... reach into the hole, and pull the little drive shaft out... and then put the pump back on the engine to block off the hole. That's it. If you want to cap the hoses... that's up to you. (easy)