how about byproduct from all the rivets used to attach the rub rail to the hull?
better outside the engine than within. If they originated from inside the motor, I doubt it would run at all having succumbed to a major catastrophe.
If you see something like this on your plugs, very bad things are happening which need to be diagnosed, stat. stick an endoscope in the plug hole or pull the carbs and look at the piston and crank webs through the intake runner.
One of my engines would pop but wouldnt start. I ran a compression test and got 150 psi. There was a tiny grain of metal on the spark plug threads. I wanted to ignore it but eventually found a piston clip had broken free and migrated throughout the bottom and top end.