Great points above by Stomp and Snowy!
Putting myself in your shoes, CM, I’d weight the pros and cons:
A) Choosing not to fix it means either practically giving it away or scrapping it – same difference.
B) Fixing it means investing cubic dollars. Before I did this, I’d ask myself:
- Do I absolutely prefer this model/year, or is there something else that better fits my needs now?
- Can I get it fixed within my budget with no “surprises?”
- Besides fixing the engine, what else honestly needs repairs?
- Would I be happier to just buy a new boat? Or maybe something used?
- Buying something used means buying someone else’s [unknown] problems. Am I up for this?
To me, all boats are compromises. I’ve owned a closed bow I/O and a cuddy cabin I/O. I am so DONE with the whole I/O thing – the weight, the complexity, the winterizing, the 3’ draft, the dinged props, the outdrive hanging out way beyond the swim platform, etc., etc., etc. Originally seeking a clamp-on ski boat, I accidentally found my Mirage, and while a jet is a whole ‘nother ball-game with regards to low-speed maneuvering (translation: they ain’t none neither), I find this boat attractive, fun, light, simple, nimble, and safer for the kids. If, God forbid, I needed an engine, I’d probably buy a short block or take mine to a local machine shop and do the rest myself. But that’s just me since I refuse to back down from a mechanical challenge. You may feel this is beyond your skill level, and I completely understand, but with a crankshaft lifting eye and a come-along, I could pull this 205 pound engine using a tree branch if I had to. I’m quite certain just the bare blocks of my two previous I/O’s weighed more than double this figure.
Yeah, two-smokes are gas pigs, but I’m not burning 300 gallons of fuel + oil each season, so who cares and so what. Up here, in the Water, Winter, Wonderland, Sugar Sand boats are pretty rare, and the well-kept ones that do come up are priced accordingly. I like the layout of my Mirage, and while it’s got less storage space than my other boats (there’s that ugly “compromise” word again), overall it’s pretty versatile.
So there you have my opinion, and in 400 words or less. YMMV. Good luck and keep us posted!