Joe,
I've done all the mods permissable to my Scarab before hitting the next stage where the big bucks come into play.
I've removed the muffler, ran the exhaust straight through the transom,installed a K&N flame arrestor, place diverter, c-cut Legend impeller and a cavitation reducer. The best I got out of the V-6 was 54-55 MPH with just fumes (1/4 tank) & myself in the boat.
As I mentioned in my private e-mail, the next step will either be a modified V8 or a Supercharger, since the current motor only has 50 hours.
My local Speed shop was researching which Supercharger worked for the V6 but since then my wife & I had our first born & Scarabtime is kinda on hold....
I was going to evaluate the total cost of installing the Supercharger and necessary engine mods vs. a straight swap to a V8.
There is someone in the forum that has gone though the major undertaking of shoehorning a 502 in his Scarab and he may be the one to ask for real feedback. I believe his last post mentioned the top speed to be in the 60's range.
Basically, what it's going to come down to is how much money do you want to spend????