It depends...
You are the judge. If you are consistently having to change your plans due to the fact that you can't motor against strong currents / tides in your area and you plan to keep the boat for a while then repowering is a sound investment. A 9hp is pretty darn marginal. I took a survey a few weeks ago...asked folks what choice they would make all other things being equal...a 1 cyl 12 hp or a 2 cyl 15 hp...if the 1 cyl was ~$3000 cheaper and everyone said take the 2cyl.I am buying the 1981 S2 9.2A with the 15hp 2 cyl for 20k. I wouldn't have paid 15K for the 1 cyl 12 hp (more like 12K would have been preferred), partially because the need to repower is more likely.The few repowered boats I saw on the market...very few...were at a premium price to the market at about $23-25K. So, long story short, if you spend $12-15K for a repower you might get $10-12K back, especially as the 9hp will be a real handicap at selling time. Just my opinion of course, which is based upon my recent review of all the boats available at the moment from DC to MI to ME. Also worth noting is that prices in MI seems to be about 10% higher than elsewhere, likely due to their popularity near their birthplace.Were I to repower, I'd probably go with the smallest 3 cylinder diesel (more cylinders = smoother operation) I could find, although the 3YM20 (21hp) and 3YM30 (29hp) are about equal in weight (+5lbs for the latter) I'd probably stick to yanmar if the price is competative as they have the best reputation as far as I can tell, which will was a consideration for me when purchasing. Barring yanmar, I'd probably look for who has the best local dealer in your area.Good luck,Bob