I'm trying to figure this out and I guess I can ask the parts distributor directly. I'm pretty sure the mechanic could've gotten the money out of me anyways and I would've not known any differently.
Long story short, the press fit wheel that's attached to the shaft on my Mercruiser distributor decided to lose its grip and I needed a new distributor. I had to get towed and the towing place put me in their spare slip with the expectation that I get the issue fixed and be on my way. The mechanic does great work, but this time he walked me through the repair on the phone and explained how to remove the distributor. I've given him a lot of work in the past -- manifolds, rebuild the stern drive, shift cables, all totaling $4000+ over the past year. I gave him a new set of Knipex parallel pliers as a tip the last time he got me through something. He said to not worry that the part wasn't expensive. He was a bit difficult to reach so I called around and found the Mercruiser part for $949, more than a new set of complete cylinder heads.
I had thought that I could just fix my existing one, but time was of the essence with the holiday weekend. He said that he could get the part for $425 from his parts supplier and would give it to me at cost, but I had to hurry up or we'd have to wait until next week. I give him the go ahead, and I pay him cash for the part. He explains how to install it and I do it. The boat idles a bit rough, but it got me home without issue and I'll borrow a diagnostic kit from a friend and set the base timing next week.
I googled the number on the side of the part and found it amazon for around $50. There were some additional digits on the part that I got from him and I'm familiar with things like wheel bearings in aviation that are nearly identical to their automotive counterparts except for a couple extra digits in the part numbers and 10x the price. So I called the mechanic and asked him about it. He assured me that it is a marine part and that he got it from his supplier.
I'll say that, considering the nature of the problem, that it got fixed, that I learned something, and the total cost of the repair that the money spent doesn't bother me. It does concern me that the guy may have taken some liberties in marking up a part by hundreds of dollars and it concerns me that I may not be able to trust him because of it. Had I known what I learned doing this repair, I could've likely timed the old distributor well enough on the water to have gotten us home without a tow.