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Thank you so much for this valuable information.There are hundred of thousands of marine 305/350 blocks available.There is ZERO need to use an automotive block,
I see many 100% drop in on Facebook Market place. I would believe any 305 or 350 Pre 1987 (1987 was a change to one piece rear main seal).
A 350 is the same block for all basic purposes as all the external parts will bolt up to both 305 or 350. So that doubles your choices. The main differences are cylinder bore diameter and heads (heads for a 305 are a little less performance capable only)
You should do some research as you may be surprised what available and how much it may cost.
Just looked on FB and found a complete drop in 305/228 230hp for $1000.00
www.facebook.com
Given the age, this is very possible, especially at the intake manifold, under the thermostat...Don't know your location but if your in salt water it could have just rusted through....