You guys are great!  I'm a rookie at this and appreciate all of the
help. I will get a couple of other quotes and consider all of the
options including replacing the head gasket and hoping for the best.
I can save a lot of money for gas and tow rope.

On Dec 5, 2:01 pm, Suzy-Q <[email protected]> wrote:
> I have a 28' Sports Sedan with twin 318's.  Engines were most likely
> overhauled in mid-90's.  The boat sat for many years, ran rough for a
> while and it was not until late this summer that I got the engines
> working well and could cruise at 2800-3000 rpm. (19 - 22 mph speedver
> land at that rpm).  After a few hours of cruising the starboard engine
> started smoking when I returned from a fishing trip.  The compression
> was 120psi+ for all cylinders except #4 which was low at 60 psi.  I
> pulled the heads and found that the head gasket had failed.  No water
> in the oil just oil in cylinder #4.
>
> I was planning on replacing the exhaust manifolds/elbows and risers on
> both engines this winter which is not going to be cheap.  Now I'm
> faced with the decision to repair/replace the stbd engine as well.  My
> mechanic recommends repowering with new 350's and reusing the
> transmissions (approx $22k).  To install a rebuilt 318 would cost $8k -
> $9k, including exhaust parts.
>
> Anyone with experience in this area?  Will the 350's be more
> economical, provide more speed or be easier to maintain over the life
> of the boat.  I'm trying to talk myself into spending the money to
> repower the boat and enjoy expensive but some hassle free fishing.

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