This will always be a never ending topic. There are so many options .That being said , here is the info from the repower I did this spring .
I was fortunate to find 2 complete 360's from another big M locally ( $ 3000) . Everything came with them -Flame arrestor to oil pan and hoses.
I had the motors rebuilt , balanced and run on a dyno before installing them in the boat ($3000) . I could have done all of this (MINUS Dyno) myself and saved another 1500. But come on, it is a B.O.A.T.
As we all know these projects take on some extra's as we go .
Props reconditioned ($225)
Port alternator rebuild ( $ 90)
Rebuild both carbs ($325) - EDELBROCKS -5 years old
Some misc changes were made ,went with center rise exhaust manifolds ( came with motors)
Modified the 360 intakes to accept the carbs from my existing 318's.
New marine fuel pumps ($200)
Wrecker cos ,to pull engines and set again ($ 350)
Starboard tranny rebuild ($1000)
New oil coolers ($225)
I did all of replacement work myself with the help of a few friends on some weekends. I live in Cin. Oh .and the boat is in TN. , the distance added a few more weekends of work , as we always forget that 1 bolt etc.
I am not a mechanic ,but this was not my first boat engine replacement. It was a large task and a lot of planning went into it before I removed the first bolt. I gathered most of the info right here on the forum.
There was a lot of cleaning etc ,in the bilge that took a lot more time than anticipated.
Everything went back in new or rebuilt condition.
Knowing the boat , as I do now, is a comforting feeling while out on the lake .
There are a lot of side notes to this , but basically I have a refreshed engine bay for @ $8500. I did get a few quotes and they were about $6000 to R&R each motor. So by doing the work myself I saved @ $3500, and did a few more things along the way other than just the engines.
While the boat was out of the water I also did the bottom paint and a few other projects. Swim platform extension , rear seat etc .
At times it seemed like a pain , but overall was a great project . It took a few more hours planned , but being 235 miles away from the boat drove that .
I did a static alignment on the motors and will have a true marine mechanic double check this in the next few weeks.
I still have 2 complete (- carbs and distributors) 318's (1800hrs) in my barn . I will probably sell them over the winter . They ran good , just used a little oil and leaked at the gaskets . They were ready for rebuild in the next few years . Finding complete motors was nice , but long blocks are still available .
The timing was right , for me to do the rebuild , and I now have a Big M that should be good for years to come .( P.O. did the interior and repaint)
I am 52 and did not want to tackle this project at 60. Now that I am done , I could have ..
There is more to the rebuild story , but it is not relevant to the overall cost . Barkley Dave makes some good points in his post , I agree with him 100%. You will need to want to do this , because it takes time and causes some frustrations , but in the end - cruising down the lake , makes it all worthwhile ! - Scott
