The advice I was given on the old Ford that came with Boracay by three experienced marine
mechanics was that "those old Fords are great engines and are well worth repairing".
They were all wrong. No one ever found why it was hard to start, key parts
were unobtainable, rebuilding the water
pump alone cost over $1,000 (and the shaft was still bent...) and the engine
had a major leak that poured oil
everywhere. And the transmission
was cactus. I pulled the plug
at over $3,000 with no end in sight.
Fixing old marine engines is a mug's game
. Rebuilding will cost near as much as buying
new, and it's still an old engine
So save your money
. Get some prices on a new marine engine/transmission that most closely matches the one you have and put it in yourself.