Re: 1957 Evinrude with a broken connecting rod
I'll bet the wrist pin bushing is completely gone. Besides the other huge problems you already mentioned.
Do yourself a favor and get a used powerhead. The 7.5hp powerhead is one of the most common I always used to see on ebay. I don't believe the '54 will work, but I could be wrong. If you really want to give yourself a treat, place a free wanted ad on aomci.org and someone will take care of you----I suspect in just 2 or 3 days you will get a response from one of the members. They're good folks.
Good luck,
JBJ