[THEFERMANATOR]

$5200+ labor will get close to $7K REAL quick if you aren't careful. And like posted above, it will be a BIG step down in power. Your 470 is probably a 170-185HP VS the 3.0L at 130 or 135HP. So the 3.0L will have at wide open what your current engine has at cruise. Personnaly I would have the hull and stringers checked THOROUGHLY before I would drop another dime in it. If the hull checks out, or only needs minor repairs, I would reccomend shopping around as brand new 3.0l's can be had for a good bot less than $5200 which I believe is full list price. But I would strongly suggest either rpeowering with a 4.3L for simliar performance, or getting a rebuilt 3.7L for it.

ebasicpower has a 3.7L long block for $2395.99
http://bpi.ebasicpower.com/pc/EFMME224LA/REMAN224

And michiganmotorz has a decent rep from what I have heard, and has one for $2899, or a brand new 3.0L complete bobtail for an ALPHA outdrive for $4769
http://www.michiganmotorz.com/37l470...689-p-628.html
http://www.michiganmotorz.com/mercru...age-p-303.html