What do you mean "a leak from the combustion side of the manifold"? Since this is an exhaust manifold, it's only ported to the exhaust valves.
From my understanding, it is normal for combustion gasses to mix with the water that flows through the exhaust manifold. That's why you have to start the engine before you turn on the hose when you flush the ski. For example, if you turn on the hose without the engine running there is no exhaust pressure to keep the water out of the combustion chamber.
When the ski is running, you will (and should) see water coming out of the same port where the exhaust gasses flow.
In a typical car engine (closed loop cooling) when you see a lot of steam or water in the exhaust, folks think the head gasket has failed, but since you don't see a decrease in your coolant level, that should rule out a faulty head gasket. So, where the "steam" or white smoke is coming from. Could it be oil consumption? What does your oil look like?
Lastly, steam (or water vapor) is a byproduct of the combustion process, so if the conditions are right (high humidity and cold temperatures) it is normal to see steam (or small amounts of water) coming out of your tailpipe. Water vapor in the air (humidity) is pulled into the conbustion chamber and comes out of the tailpipe. It's cold here in FL right now, and I see steam coming out of my car exhaust every morning ... steam that I don't see in the summer.
Upload a video clip if you can.