Re: fuel consumption
I used to run crossflow charged 2 cycle outboards. Don't have the numbers but with a 35 hp (in the late '50's) you could go through two 6 gallon cans of gas on a Sunday afternoon outing with the boat beached most of the time.
In later years, My 125 OMC crossflow would empty an 18 gallon tank with us doing a lot of swimming around the boat, not running it.
Bought a Direct Charged tower @ 115 hp and could go all day on a 10 gallon tank and come home with fuel.
Direct charge was a ported piston, like loopers, but not exactly, and a couple of other refinements. OMC still had the patent on loopers when Merc tried to compete......and did a pretty good job.
Have a 90 3 cyl looper now and can go fishing on 3-5 gallons and I do a lot of just playing, not much fishing.
I would compare loopers to a poorly tuned 4 cycle having had a 4 cycle 120 Mercruiser.
Don't know what kind of lift you get with the new technologies in engines (EFI, etc), but baby, it's sooooooo much better than it was.
As far as buying a 4 cy just on fuel consumption alone, I'd say forget it. My opinion.
Mark