Not so fast...
Bob,
I agree with some of the recent posts. I don't think you have the big problem that you think you do. What you are describing for oil pressure is right where my 1985 Liberator 5.7 Mercruiser was for years. After I gave it a "hot supper", the lifters would clatter a bit too. Those Mercruiser Chevy 350's with 4 bolt mains are nearly bulletproof if you take care of them and it sounds like you do. It's your boat, do what you want but I don't think you need to repower it. JMHO.
BT
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