You can run my engines at WOT for ten minutes after you have bought it. Forget it.
I want to see if they can hit WOT, but not run there for any length of time. I would however run the engines at around 80% of WOT for an extended period of time (say ten minutes) followed by the boat running at typical cruise for another 15-20 min, which will establish whether the cooling systems can support a realistic cruise speed.
Salt water cast iron risers are good for 3-5 or 5-7 years depending upon your locations norm. If zincs have been changed in the heat exchanger, it should last a long life, but that doesn't mean that it may not need a thorough cleaning. The areas that see salt water can also see marine life growth and concretions that over time may plug up the holes in the heat exchanger. If the boat passes the sea trial, it means it is functioning, but you should still have someone pull the heat exchanger end caps and inspect/clean after you buy it. "zeroing out" this component will get you another 5 years +/- before the next time. Just after boat purchase is also a VERY good time to zero out the risers (which almost always have been neglected and living on borrowed time) along with an inspection and rebuild of the raw water pumps and attached hoses (those don't last forever). You should really plan on zeroing out all of these systems on any boat your purchase unless the seller can provide convincing evidence that it was otherwise performed in the last 6 months.