Not to throw fecal matter in the punch bowl, but why not sell the Reel w/ Honda, sell the Johnson and buy a 25" motor for the new boat. Doesn't have to be new. In 2006 I installed a year 2001, 150 Merc on my V for $4200. The motor had 125 hrs on it with 135 psi compression on all cylinders. I bet you can find something with less hrs on it than your current Honda. This is just another option.
You're reengineering a boat that already has a small setback with an additional setback. You'll know if it was a good move the first time you backdown and the cowling isn't underwater. You may have to replace most cabling. The original setback, plus an additional setback and lowering the motor 5" may change the whole attitude of the boat. Good luck on your venture. The new one looks great. You're going to have a blast with your project. Wish I was closer so I could help.
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