Provided the transom, floors and foredeck are solid and you are looking for a PROJECT boat, 500's OK...if it were me, I'd plan to junk the motor and outdrive and hang a bracket and outboard on it...but I wouldn't plan to spend just a little money and have a relible boat...
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'74 V-20/ BF 150
'95 V-21/ BF 150
'84 V-20/ 200 2.4 Merc
'87 V-20/'18 F150 Yamaha
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