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The generator and voltage regulator could be transferred to his 68 model 40 HP

I think it is a great set-up with the 2 Evinrude V-4 engines.----But we all know that these engines suffer from broken rings when the hrs add up.-----Compression test results should be taken for future reference.----Post the numbers here.

I believe the 2 yellows go to a rectifier to charge the battery with 12 volts DC.----Normally those yellows show less than 1 ohm.

Most vehicles do not need ---" full throttle "----to run at highway speeds.-----Look at videos of haulover inlet boats.-----50' boats with 4 outboards.----That is full throttle stuff.

You did put a new impeller in the water pump I hope.----First thing that needs to be done on a ---" new to you outfit "-----Stern drive or outboard motors should get a new impeller about every 5 years at the least.

The camshaft pulley has a timing mark.-----Find it or find a good used pulley on e-bay.

No surprise to me that valves were bent.

The 4 HP model like that NEVER had thermostats installed !

For most people it would take 10 years to save $80,000 cash to buy such an item.----But it is different for everyone.

Trailer that rolls and moves with tires that hold air should be worth $250

The 3 bronze bearings in the 5-1/2 and 6 hp are well designed / sized for the job.-----Have had numerous of those engines apart for inspection.----Never an issue with them.

cover on the wide , 3 screws.

Hopefully the trailer has good brakes.

Pull the bypass cover , inspect pistons / rings,------Failure of impeller may have scored the pistons.

On the new boat show room floor that appears to be in the $80,000 range.-----If you got it at the right price than lots of work can be done.-----I sure would tackle that.

Some think that you might damage electronic ignition parts with key in on position.

Some folks spend thousands each year playing golf.----Nothing to show for it at the end of the season.-----Some will spend time working on a boat to give to the grandkids.----All depends on your upbringing and your priorities I guess

Correct ----That insignificant amount of oil on ficht had nothing to do with operation of a 2 stroke engine.

Correct----On direct injection motors only the gasoline is injected into the cylinder after ports are closed.-----Oil is totally seperate and inhectted where needed.-----It can be said that these motors are in 4 stroke mode for part of the crank rotation.

The times and products gave changed.----It is what was available at the time.----Heck my dad remembered when folks talked about a new radio.-----Some said that you would be able to see people talk on a radio.