mercruiser purchased their HX's at the time from Monitor products for the 470, and then the upgraded HX's from Champ Products (Now alfa laval).
however, the first question. are you planning to boat in salt water, yes, or no.
if no, there is no need for a HX. the motor and exhaust will last well over 50 years
if yes, I recommend a full system.
just an FYI, if you are buying thru a Mercruiser dealer, it will cost you well over $5k for the HX, the T-stat housing, the hoses and all the brackets, etc. the HX is about $3200 alone thru the Mercruiser parts channels for something that my price is under $700, and Mercruiser paid less then $500.
Not to mention, most of the brackets for the 250 cubic inch in-line motor are NLA
so back to my question. where do you boat?