Outdrives? My preferred power package, but they are much more maintainence, get used to it. The beauty of that old car engine is that it will warn you long before it quits, if you are listening. Get a vacumn guage and a raw water pressure guage on both engines. Fuel pressure if you can find someone to install it correctly. Watch those guages and listen to the engines. They will talk to you. The vac guage will save you many thousands of dollars.
Find a good mechanic and have him go through the drives every year. You will have to look hard to find one. Stay on top of manitainance and outdrives are a great system.Get lazy or cheap and they rapidly become both really expensive and unreliable.
I'm regularly 150-200 miles deep into the Bahamas, every year, with a single I/O plus kicker. No way I would do that with anything else, except maybe a diesal inboard.
Good luck with the boat. Sounds like you found a good one.
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