The oil injection system survived and was used in the V-4 engine in the "Sweet Sixteen" fiberglas boats OMC produced. Many auto companies were working on fuel injection in the mid 1950. I owned a fully injected VW Square Bace in later years. As they aged, the 90 PSI carried in the fuel lines caused many fires as age caused leaks where they were subject to heat & vibration.
It was long known that much fuel was waisted on two cycle outboards because of having the bypass port and the exhaust port open at the same time. GM’s two cycle diesels proved fuel injection could make them efficient. I will work up a report for our members on the Dockside Chat. Perhaps it should go toward an Antique Outboarder article. . . 🙂