I have a 1997 225 hp OX66, which is essentially the same (big block Yamaha) motor.
Bryan is correct. Many owners feel it is one of the best Yamaha ever built.
Unless there is an hour meter on the boat, there is no way to know how many hours are on her, as the motor does not store that information.
How the motor was maintained, and will be maintained is key to their longevity.
When I bought my boat in 03, the previous owner had not cared for her very well.
No fuel amendments were ever used and the O2 sensor was toast. The block was also salted up, as the motor had never seen a freshwater flush.
Even with these issues, the basic motor was sound, and all it took was a bit of TLC to bring her back to life.
These days she gets a regular diet of Penzoil full synthetic oil, and at every fill-up I add Ringfree, StarTron, and Stabil fuel stabilizer.
Ringfree and StarTron are added at the rate of 1 oz per 10 gallons of fuel. Stabil is added per the label directions.
The motor gets a freshwater flush for 20 to 30 minutes at least once a week, and gets a SaltAway treatment at least twice a season.
Fuel is filtered using a (blue) Yamaha 10 micron filter which is changed twice a season - spring commissioning and ~ Aug/Sept.
The 225 on my boat recently pushed my 2520 MVSC to 34.6 kts at WOT in flat water with all my gear, two aboard, and 1/2 tank of fuel.
Not bad for almost 8000#'s of boat, motor, and gear.