four years is a long time for rubber/neoprene components to sit,this includes hoses,pump impeller,and fuel pump diaphragms/gaskets.
lets start with hoses,the one from the tank to the motor if four years old or older,replace it,no question especially if its original.
the next hoses to check are the main bearing drain hoses,they run from the upper main bearing down to the center main bearing and then to the bottom main bearing.
they have a nasty habit of breaking/splitting right at the barbed fitting.
when they do,the engine will go lean and fry a cylinder.
the middle and lower bearing drain hose is behind the ignition module and it needs loosened and pulled out of the way to check them properly.
check the remaining fuel hoses for soft spots or cracks,replace as necessary.
fuel pump ,it has three things to battle with during its life span.
one is fuel on the pumping side,second is the side that is pulsed by the crankcase pressure/suction cycles,combustion byproducts and bad fuel will weaken the material it is made of over time and it will stretch the diaphragm enough it wont pump enough fuel to keep the carbs full,engine goes lean and you end up with a junk engine.
the third thing a pump faces in its life is the check valves failing for what ever reason,a good example is the fuel hose coming apart and causing them to stick open,I have pictures if you want to see what I mean.
repairing/replacing the pump is a must do.
the impeller,as stated is in the lower unit,I would highly recommend replacing it without question due to the fact that sitting for four years alone it has most likely taken a ‘set’ and the impellers legs wont flex enough to pump water effectively which will cause the motor to run hot,especially the upper cylinder,piston scuffing/scoring can and will occur if ran too long that way.
another problem that I have seen countless times is the impeller legs coming apart and plugging the water inlet at the base of the engine,this restricts the flow of water even with a new impeller if not checked and removed when the impeller is replaced.
on the subject of cooling,pull the thermostat and make sure it is not plugged shut or stuck open.
carbs,even if the engine was winterized properly I would remove them and have them cleaned as any fuel left in them has turned to gum by now and will give you fits or a toasted motor from running lean.
as Grouse stated,clean and flush the entire fuel system,tank included.
install a water separator/filter between the tank and engine if it doesnt have one now,cheap and easy to do and will save you problems down the road,er,uh lake.
spark plugs,they are cheap enough,put a new set in and start from scratch,make sure to NOT use restrictor type plugs in that engine,I had to learn the hard way years ago,take it from me.
one last thing I would recommend,until you know for certain the oil pump is working and the 2PSI valve is letting oil through,I would mix the first tankful of gas at fifty to one,this will not hurt a thing.
the 2PSI valve is located between the pump and the carbs,it is a brass check/pressure regulating valve.
if it has failed from a broken spring or a chunk of gunk and sticks open the carbs will overfill with oil as quickly as overnight,its symptoms are very hard prolonged starts that end up being very smoky and a rough running engine until the excess oil is cleared from the carbs.
if that 2PSI valve is stuck shut,little or no oil is allowed to reach the engine and it wont run very long without oil and end up being junk,hence the recommendation of mixing the first tank of fuel so that you can see if the oil reservoir is being emptied indicating the pump and valve is working properly.
any more questions,pm me,I will give you my email address and phone number and walk you through most things.
if you take it to a reputable shop which I highly recommend if you are not the least bit capable,you can still contact me with questions.
run non oxy gas and good two stroke oil and you will get along fine.
tight lines and happy boating !!