really depends so of the early cobras had teething issues and gave the brand a bad name. Biggest issue is parts and service availability. the transom keyhole is the same so if you have the complete merc pulleys to prop I would consider it. 1993 is the alpha gen 2 drive which is current as still sold new.Is the Mercruiser stuff significantly better? I genuinely have no idea.
Hard to say with out the parts in front of you. Def more work to change it over- if you already have the carb redone just swap the long blocks then.My only concern is that this boat was having fuel delivery issues, and I just spent $400 getting my OMC (Holley) carb professionally rebuilt; can I use Mercruiser outdrive/controls and OMC manifold? If nothing else I’ll pull everything from the donor boat and can switch things out later…