I was in the same boat, so to speak, a few years ago. I didn't want to be stranded by an old motor with my 3 kids who were 2, 6, and 7 at the time so I bought a new motor.
Remember, a rebuilt motor still has a lot of old parts on it that could fail.
Of course new motors fail too, and lots of old motors run flawlessly.
Its really up to you wallet.
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Stay Safe!
Sold - 1984 V-20 Cuddy with a 2003 Johnson 140 hp gas sippin 4-stroke.
1995 Ranger 250C with a 2015 Suzuki 300 hp 4-stroke.
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