Either a chain hoist, come-along or (my own personal choice) a cherry picker will work fine.
I use a cherry picker because it allows me to move the engine around after I've removed it from the transom. It's simply a matter of logistics. Mobility equals ease of use.
http://www.harborfreight.com/1-Ton-C...l_s1021_c0615b
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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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