Re: can a volvo 290 be replaced with a 280
I'm almost doing the same thing.
the 290 and 280 are virtually the same EXCEPT for the transom plate and the trim. You cannot use the transom plate.
What I was going to do is just use the whole drive (upper, intermediate, and lower) and just switch trim/steering assemblies that are on the intermediate. Turns out you really can't do that.
So, what I'm doing is using the upper and lower gear housing from the 280 and putting them on my 290 intermediate with the trim/steering assy. already on it. Have to worry about re-shimming the bearings when you do this though. If everything else is good on your drive, I'd just use the lower temporarliy until you can get another 290 DP. I see DP on ebay all the time, seen 2 go for less than $800
I've found out Volvos are a PITA when needing servicing