Hi.
I don't know much of anything useful about these outboards. I've never worked on one.
But, if it was running ok before the fuel tank got collapsed, then I wonder if either there was some trash in the tank that was pulled into the pickup, got stuck and is now blocking the system OR, could the low pressure pump have suffered some damage when that high vacuum took place?
I remember seeing that some of.the 250hp Hondas use a very expensive, electric, low pressure pump. You didn't say whether you have an A model or a D model .
Hopefully those pumps aren't delicate little jewels. You may want to look into which you have and what will be involved in testing both low and high pressure fuel pressure.
As far as the.oxygen sensor goes, I know that the 225hp engines have had many issues with those so it's a possibility. But to check it out you will likely need to use the Dr. H diagnostic tool for accurate information You may be forced to get some help to sort this one.out.
You can order the official paper shop manual for either model at the link below. That would give you the specifications and instructions for fuel system testing as well as tins of other useful information.
I have always found the Official Honda manuals well worth the money in helping you understand your outboard.
The A model is listed under the 115hp to 250hp header while the D is listed under the 115hp to 350hp header
publications.powerequipment.honda.com
Good luck.