I've made an offer on a boat with a '92-'96 vintage 7.4L Mercruiser with Bravo 3 that's raw water cooled. The engine looks clean and brand new with no signs of rust anywhere (on the exterior) so I assumed it had recently been replaced but I checked the serial numbers and it's the same age as the '94 boat. Current owner has only had it for a couple years and is not very knowledgeable but says the guy he bought it from kept it on a lake and he's only used it in a lake as well. I plan to use the boat in both fresh and salt water.
So, my question is, should I convert it to a closed system or, since it's so old, should I just continue with raw water and then plan to re-engine when corrosion starts to cause problems? A local mechanic gave me a price quote for the conversion of $3750 using Mercruiser parts. I understand that if it's been run in salt water there's no sense in doing the conversion but if I pull off some hoses and find no signs of corrosion, is it worthwhile to spend that much money on an old, probably rebuilt or remanufactured engine? Is my price quote reasonable? Is there another good quality conversion kit that costs less and that I can install myself? About what would a whole new, closed system engine cost? I'm new to I/O world but pretty accustomed to being a do it yourselfer to maintain the diesel engine on my 47' sailboat so feel comfortable doing mechanical work if it's not too technical.
I'm brand new to this site and to I/O's so will appreciate any guidance some of you more experienced folks can provide!
So, my question is, should I convert it to a closed system or, since it's so old, should I just continue with raw water and then plan to re-engine when corrosion starts to cause problems? A local mechanic gave me a price quote for the conversion of $3750 using Mercruiser parts. I understand that if it's been run in salt water there's no sense in doing the conversion but if I pull off some hoses and find no signs of corrosion, is it worthwhile to spend that much money on an old, probably rebuilt or remanufactured engine? Is my price quote reasonable? Is there another good quality conversion kit that costs less and that I can install myself? About what would a whole new, closed system engine cost? I'm new to I/O world but pretty accustomed to being a do it yourselfer to maintain the diesel engine on my 47' sailboat so feel comfortable doing mechanical work if it's not too technical.
I'm brand new to this site and to I/O's so will appreciate any guidance some of you more experienced folks can provide!

