Run the boat in the water at cruising speed for 10-15 minutes, if the water temp. stays normal I wouldn't bother rebuilding the pump. If you decide you need to re-build the water pump here's a few tips.
Been there, done that. Actually it's not a terrible job, you might want to get help removing and re-installing the lower unit. I serviced the gimbell bearing last year and re-built the water pump while I was in there. There's some pretty good videos on youtube. I also have a (dare I say) a Claymer's manual that comes in pretty handy. You'll need the gasket kit for the outdrive and the outdrive water pump rebuild kit, about $35.00 for both kits.
This is very important, don't ask me how I know, be sure the boat is in forward when you remove the outdrive, if it's not it can be a real bitch to get the linkage re-aligned. Also when you go the the dealership for parts be sure to take the engine serial number. If your boat is a 91 or newer you probably have an alpha 1, generation 2 drive.
Lou