Re: 502 Magnum EFI
WOW! you have just opened up a big can of worms. Most answers will be, yes, a single 415hp engine is underpowered for a 29'er. Ultimately, it depends on what you want out of it. If you like the boat, can get a "good deal" on it, and don't mind guys in smaller v6 powered boats passing you, then go for it.
If you expect your "go fast" to actually go fast, then keep looking.