Re: 1987 johnson 120 vro (prevenative measures)
Is the vro currently working on the engine? Those designs were really good and rarely fail, but if you did dissconnect it, keeping the proper mixture shouldn't be an issue. the are those mixing cups that tell you exactly how much oil to use for how many gallons of fuel at every mixture.
I think people hear of too many instances of the VRO failing and not many of them working. They do work great and vary the ratio at the different rpms. That engine is a work horse and a great buy if it is running good. If it is pumping water, has good compression #'s, and sounds good. I say good buy. Make sure to take a sea trial. Buy something without a test drive....I don't think so.
For the boat. Crestliner made a great product, but even a great manufactor's boat can be junk if not taken care of. Big difference in a life long garage kept 1987 and a sat in the yard uncovered 1987. Is the floor soft? Does the transom sound firm when you knock on it. I have heard people have a lot of complaints with closed bows. Where do people sit. When you are loaded down you can't get weight to the front for proper plane.
In the end just do your research and make a good decision. Don't buy on emotion.
Sorry if your experienced and know all this jazz. Just trying to help.
Thanks and good luck!