Sometimes there is more to the story than the basic bill. I would advise talking to the service manager and get a full description of the work order. There are technicians that just change oil and filter and fly and then there are technicians that as they are changing the oil they are also doing a basic pre-maintenance inspection." Servicing the engine" Normally all the inspections are written on the work order back page to document what the technician inspected. If the technician is not familiar with a boat and the engine installation it will take a bit longer to do the work. Normally a good technician will make notes as to why it has taken him longer.
( When I had to replace a turbo in my C26 the Volvo technician that inspected the turbo and the failed hose took several pictures of the engine install. Even with the modifications that I made to access the forward starboard side of the engine which is in the pilot house. He grinned at the install and said this is the worst I have ever seen. He sent all the pictures to Volvo to explain why the Labor charges were going to be far exceeding the Volvo flat rate labor charge)
When I do the service of Oil and filter change, reverse gear oil and filter, and fuel system filter change and impeller I'm pushing 5 hours. But I have done it several times in my boat. I am also incorporating other items of inspection as I do this service.
Water pump change includes cleaning and inspecting the thru hull, stainer, reverse gear cooler, water pump housing and all hose clamps associated with the raw water.
Reverse gear oil change is straight forward suck the oil out remove the filter inspect the filter for metal filings and how many are in the filter. Remove a sample of the oil to send in for analysis. Filling it being careful to not over fill. I would say the final fill and check takes more than a few minutes.
Oil change is straight forward, pull the oil out of pan, then remove the filter housing cover, clean it, inspect is for cracks, install a new seal ring, and carefully torque the cover. ( a technician that is not familiar with this could easily develop a leaker. I did once! I spent an hour trying to get it not to leak. I was not torquing it to spec because I thought that spec was too tight. Lesson learned
While I am doing these fluid changes I am giving the engine a full inspection, checking electrical connections, motor mounts, for tightness, alternator belt, check packing......
Fuel system filter change is not bad as long as the last guy to change the secondary filter did not over tighten it. If he or she did that can be a time consuming removal. The first time I changed the secondary filter I had to remove the filter housing and put it in a vise to remove the filter. I had 3 hours just changing the filter. Now it takes me about an hour. When servicing the filters I drain them inspect for water and dirt, clean the primary housing, inspect all the fuel lines, replace the sensor gasket and reinstall the sensor to the secondary filter. Then prime and run the engine for at least 10 or 15 minutes to confirm all air is out of the system. It should be after priming but I like to be sure.
It can take 3 hours with a stop watch but longer if it is a scheduled engine service. Some technicians do the minimum some technicians do the maximum to assure the customer is going to have reliability.
All this information can be attained by asking questions. Talk to the service manager, many times if they are a reputable facility they will let you talk directly to the servicing technician for a brief explanation of his work and findings.
To answer your question it depends. Make your decision after you get the whole story.