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Heck a 150 can pull a 30 foot boat easy. We've been pulling around a 30 Intrepid for years (without trailer brakes...whoops). Had to step up to the 350 for the new rig though...I'm sure the 150 wouldn't like it one bit!
Another of my houseboat on Powell and my old junk Seadoo's I had three Seadoo XP's and they where great when they ran but we worked on them more then we rode them, Now we have Honda R12X machines and they rip and are drop dead reliable...