Unfortunately that motor is toast now, best not to try running it to avoid further damage and added cost. Yank it out and ship it somewhere for a remanufactured one. You're gonna need some tools, maybe get some help from a pal who knows marine engines.
Or, go get another boat but used 2-stroke is just that and a reman gets you a zero-hour motor. The chevy powered mercruisers will run forever, they never wear out if operated with sanity. They only break for other reasons, usually neglect.
Jets have an advantage in shallow water operation, less likely to strike submerged objects, too. This is why I run a jet boat, I have two.
Edit: That plug one the left looks like it has aluminum deposits all over the electrodes, that means the piston overheated and melted. There will also be aluminum puddles stuck on the cylinder walls which will interfere with compression ring sealing. Your motor needs a complete rebuild. Find someone who knows what they're doing, must not be a shadetree mechanic with a bag of craftsman hand tools, must be marine machine shop familiar with that motor, usually a warranteed reman from a reputable marine engine remanufacturer is the best option.