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Do any modern motor boats still make that distinctive "putt-putt-putt" sound?No modern engines, that you can meet, run that slow.
You can make significant Power with a large engine run slow, or a small engine run fast. When materials and methods are crude, the big/slow engine is less trouble. As engine techniques improved, the small/fast engine became cheaper, also smoother and more thrifty (up to a point).
If I want to see a putt-putt I have to go to an Antique Engine Show.
There's always a hit-n-miss engine. When running free they go POW - - - - - - POW - - - - - - POW, many seconds between firings, and I have seen them turn near 130RPM (they do not fire every cycle when light-loaded).
The rock-guy has a factory engine with flywheel 9' (3m) diameter, piston the size of a trash-can. Runs very slow and probably has the power of a Ford Flathead.
The trend to higher speeds goes well back into the 1920s. The Allison of ~~1930 is a spectacular example of not-slow thinking, with 12 jugs and 4 camsticks and 4 valves per cylinder. It didn't sell well in boats, under-priced by cruder 4-bangers like truck engines, which were already as spiffy as car engines but speed limited for good life near full output.
While you would think there would be a putt-putt dingy in every old harbor, apparently when they give trouble nobody knows what to do, it is easier to get a used outboard motor and take the ton of cast-iron to the scrapyard.
There is an English/Indian Diesel, widely used for pumping, which is probably as near a putt-putt as you can buy new today.
http://www.vidhataindia.com/lister.htm -
http://en.wikipedia.org/wiki/R_A_Lister_and_Company