Thanks, Joe_DB, a couple ounces of kerosene made a big difference and I was able to get most of the oil out.
Capnward, thanks, that is an encouraging note and I will talk it over with the mechanic.
Dan, thanks for the links. The second one in particular, once I found the follow-up post "Proud Rebuild", sounds very similar to my issue, so along with Capnward's post, it suggests that the water pump is a real possibility for rapid, major water ingress.
The yard is busy and probably won't be able to look at my boat for a couple of weeks, so I will update this post when I find something new.
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