Getting parts is n't going to be easy from the factory as Proboat/Horizon Hobby quit making them as well as its sister boat, the Shockwave 36. They've gotten out of the nitro boat market altogether.
OK, you probably cooked the Teflon tubing running it out of the water as that helps to keep it cool.
Two places that I think that might be ableto help you out with any of the easy problems (it isn't too bad, really) near you would be either Aeromarine Laminates in Seaford, DE at
www.aeromarinerc.com or
www.offshoreelectrics.com which is mostly an electric boat site yet he carries the parts you'd need. Oops, I forgot about
www.zippkits.com as he has the parts plus the 444 prop and is in NY. I buy a lot of parts myself from him and his service is excellent.
For $100.00 you did get a very good deal though!
Not to argrue but it shoulld be a .32, it's a weird size for an engine for a boat unless they upgraded.
Most boats don't use a clutch which is a good thing as the boat needs to be kept moving to keep water flowing through the head. The few nitro boats that do have problems anyway with the clutch slipping too much. Just be careful when launching.
One more thing. If you can get the Teflon tube out of there you can insert a brass tube inside of the stock tube, a little tricky but can be done which does away with any of the problems associated with them. Keep it well lubed.
OK, I keep remembering things for you to watch out for.
Keep a 3/16" gap between the drive dog and the strut. If it has thrust washers there, you can remove them as they're not doing you any favors. the gap is needed to prevent cable wind-up that in turn can also break a cable.