I don't think your coil is located in the same place as mine, at least my buddy's 04 sp700 wasn't. I'll take a pic after work anyways.

 

I took the water to it last night like a mad man and not a thing. I changed the plugs and after I changed one I tried it and same thing, I changed the second plug and when I started it, it even sounded better. Took it for nice ride in a rock quarry with lots of water and it ran top notch. Now for the test this weekend in the mud and muck!!!