Awesome deal on the crank - makes the build worthwhile.
And you have done your own reasoning on whether or not it's "worthwhile" - many people initially don't analyze it properly.
You point out the cost of a reman/rebuilt powerhead - and yes, generally for about 2500 bucks or less (depending on the model), you can get one with "all the work done".
But that is "just the powerhead" - you would still require the ignition system, carbs and a good lower unit.
Often a toasted powerhead is the result of a fuel issue which must be corrected but is not factored into the cost.
So while you can get a powerhead for say 2K once you add in the 600 bucks for carb service (at a shop), plus maybe 300 or 400 for ignition parts, the rebuild becomes "not worth it" for a particular motor.
If you can do all/most of the work yourself you could have this "refurbished" for maybe 1500 bucks or so (plus a good few hours of your time).
Only you can answer whether that is worth it or not.
I personally have a model year cutoff of 1986 (one of the years the model lines changed) - anything built before that I would not rebuild/refurb "for myself".
But having said that, even if you ended up dropping 2K "making it like new", that's a pretty cheap outboard in today's market - and barring toasting a lower unit, it could easily last you 15 or 20 years without any trouble....