The time issue is one that is not 100% predictable at this point. Plus it's not known at this point if the old engine can reasonably be rebuilt. But certainly the time frame will be months between removal, rebuild, reinstall. repowering with a new engine is a more predictable time frame.The pressure is on to learn that the engine block is not screwed up. I am also measuring the time to resolve the issues. Will the boat be back in operation in 6 weeks, 4 months 6 plus months?
Lovely statement - it applies to life in general, not just boats and liveaboards."There are as many variations of liveaboards as there are liveaboards, and it is important to know who you want to be and what you want to achieve. Without this understanding, it is difficult or impossible for you to choose the best boat, the perfect marina, and the “right” amenities and equipment. Know thyself."
This point only you can decide.Certainly, I have explored what that is. More recently I have worked on, "Is this the boat that will serve my needs/desires" and if so how do I now address this crossroads with the engine.
Irrespective of this however, to be able to recoup some of your investment in this boat, getting it back to running condition is probably the better way to go. You could just abandon it and see what you can get for it as is - but I'd think it would be both hard to sell and the money you'd get would be pretty minimal. It would seem at this point irrespective of long term keeping or fix and sell - if the current engine can be rebuilt for about half the cost of a repower - that's the way to go. The real problem would arise if the current engine cannot be rebuilt and then you are faced with a new engine repower, or sell as-is. That gets complicated. Then the decision would lie on if you really want this boat for long term or not. Long term, put the new engine in. To be sold: now that's a tough one....
dj