Hi.. Welcome to the site. Phatdaddy's correct on the older OMC's having a lifting loop, but I have a 91' Johnson 200.. essentially the same engine as yours... and there is no lifting loop on mine, so I doubt you'll fine one on yours. TheFermanator is a professional mechanic I believe.. if he says use 2 bolts and some chain then that's what I'd use. Send pics of the boat... we love pics on this site.. lets us see what's going on in the outside world.. MJ keeps us prisioners in his basement. 
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1987 V20 w/1987 150HP Yamaha on a Shoreland'r Trailer
1978 16.5 Airslot w/1996 120HP Force on a Four Winns trailer
1996 V21 w/1993 200HP Mercury on a Shoreline Trailer
All towed by a 5.7L Hemi Durango.
If God didn't have a purpose for us we wouldn't be here, so
Live simply, Love generously, Care deeply, Speak kindly.
(Leave the rest to God) 
Silence, in the face of evil, is itself evil. Not to speak is to speak, not to act is to act. God will not hold us guiltless.
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