Holding out for tilt and trim would rule out some good older motors, and original t. and t. units might turn out to be dicey anyway -- just age, or possibly original design like F_R suggests. An aftermarket t. and t. unit would give you a number of options. For a rehabbed hull, it should give you some additional mounting options, with some setback which might improve operation, and of course the ability to effortlessly trim for best operation. Let's see, would be good for skinny water, and it's portable -- doesn't have to stay with that hull. Not cheap, but all in all might give you important flexibility, along with ease of operation. Oh, and it's plug and play, if you have a motor and hull ready to rig.
Hull performance is pretty much an unknown until you try it. Adding the aftermarket tilt and trim unit could be the key in putting together a safe good performing rig. Steurys and Larsons were solid, beefy boats, but a good running 65 or 70 probably would be plenty when mounted and trimmed for best operation (IMO).
(Not to say the 85 would be a bad motor. I ran a '70 version for a number of years with no issues at all, including gearcase. Buddy had a mid-'70s model, with similar results. If you like the one you are considering, price and condition attractive....could be good for future options.)