I've read nothing here but that 470's are time bombs waiting to explode. I bought this 1977, 22 ft, Drumond, nice trailer, nice boat, ($550) with a mercruiser 165/Alpha one. Lots of work...pulled motor to replace oil pan, various gaskets, impeller, etc..Motor starts instantaly and runs stong. Has 4 inch exchanger plus altenater conversion. No pertronics...yet. Question is, is the 470 considered a worse motor than the 4 cly 165, or are they the same monster. Should I take a chance on this motor/boat, or start parting it out. It all seems strong at this point. Just want to have fun in the sun. But don't want to get too burned.