Re: My Bad
Do these "shops" sell new engines?
You can probably (near totally) rebuild yourself for somewhere around 1500 bucks (at the high end) - including the machine work, pistons/rings/bearings/seals/gaskets, plus carb kits and waterpump service assuming the ignition system is ok.
You might be able to find a rebuilt/reman powerhead (bare) for somewhere in the 2500 range including the core refund for your current block.
More and more shops will NOT work on anything that they can't plug into a computer - they don't want to have to think or scrounge for parts - disposable society now.
Personally, I don't know if I would invest over a grand in a 1970-something motor - my own "cut-off" would be the mid-80's or newer just because some major advances and a number of changes were made coming into the mid 80's making it kinda a dividing line between then and now.
Two years ago I picked up a running 1986, 140 for 600 bucks. A few weeks ago I picked up a 1986, 120, for 150 bucks - initially as a parts donor but found very little wrong with it - so now it's undergoing a total refurb.
When done I will have a "like new" 120, albeit 24 years old, but will have cost just on the $1200 mark (initial cost, parts and machine work).
So flip a 3 sided coin -
rebuild what you have, or
buy something a little newer (but still plan on rebuilding that - if a used engine was "perfect" it wouldn't be for sale), or
talk to the banker and buy something either brand new, or a couple years old - from a dealer that offers warranty - Evinrude has a really nice V4, 130 ETEC for about 12K which is about 5 horses more powerful than a mid-70's 140
