I would go with a used outboard in the 150-200 range mounted on a bracket. Many here have done that (including our beloved leader MacoJoe). I had a dead 4.3 liter v6 on my 1990 v cuddy and opted to replace it with a brand new 4.3. Cost about $6k with installation. Very happy with it, but there are times when I almost wish I had gone outboard/bracket.
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