You can get a good used 15t0 Merc for like $2000 or less!!
Fix the hole about $200 for material and your time, A usexd bracket $500 or less.
Check ebay, crigslist, local boat yards for a take off.
I had mine all set to go in a week end after I located all the parts
Go to the gallery and look at my gallery shows pic's there of my redo, ask all the questions you want, I am not the only one that has done it!!
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1986 V20 
Old Fishermen never die, we just SMELL that way!!
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