Speedie,
Congrats on your new purchase, even tho it may not feel like it right now.
Check the connection of your live well pump on the inside of your transom, Iam working on a 91 which had the same prob.
Also one other tip I can recommend is buy another bilge pump and connect with a short piece of hose just in case.Wire pump with alligator clips for emergencies.
Keep all the transom holes plugged and you should be fine!
Just a few things to work out and you'll have a very fine rig!
Good fishing