Re: 350 mag vs 350
From the research that i've done looking for parts it seems that there was a split in the 1987 model year serial numbers 0B525982-0B773304 were all regular 350's with the older blocks and heads these numbers are specific to the 1987 model year, serial numbers 0A635178-0B525981 were Magnum 350's produced between 1986-1987 using the older block and heads and flat tappet camshafts, and serial numbers 0b525982-0F600999 produced from 1987-1995 use the newer style blocks and could have either the flat tappet or roller camshafts. So it sounds like you are correct, it was due to a production change during that year and not the magnum designation. Here are some great exploded parts views and part numbers if anyone is interested.
http://www.perfprotech.com/store/catalog/Mercruiser-Parts-Finder,3172.aspx
From the research that i've done looking for parts it seems that there was a split in the 1987 model year serial numbers 0B525982-0B773304 were all regular 350's with the older blocks and heads these numbers are specific to the 1987 model year, serial numbers 0A635178-0B525981 were Magnum 350's produced between 1986-1987 using the older block and heads and flat tappet camshafts, and serial numbers 0b525982-0F600999 produced from 1987-1995 use the newer style blocks and could have either the flat tappet or roller camshafts. So it sounds like you are correct, it was due to a production change during that year and not the magnum designation. Here are some great exploded parts views and part numbers if anyone is interested.
http://www.perfprotech.com/store/catalog/Mercruiser-Parts-Finder,3172.aspx