Honda water in oil
 

I've got a honda 40hp about 10 years old but very lightly used - only 120 hours on it. Now I've got water in the oil. All the usual tests show nothing... compression, etc. or whatever they do. They thinks it's a pinhole somewhere?

Any of you experienced this sort of thing? This could be an expensive proposition. Especially since they'll be guessing.

rebaalk