Anchorclanker,
We're probably already in agreement, less the details below.
However, it never was the intent of my 'one liner' above to go in to every detail, condition or caveat.
I work for the US Army, and was in the very same situation that Ken336 was in now. I was in the process of buying a Used boat (my 1988 Hunter which had 690 hours when I bought it) and faced with the problem of "How do I evaluate the number of hours on a Used boat's diesel engine?"
I did it by calling the contractors that supplied the Army with diesel engines for their combat vehicle & generators. The Detroit Diesel rep understood the size, load and cooling conditions I described for my boat. He also understood why I was calling him to find out what the 'mean time between failures' (MTBF) would be for an engine of this type, size and use. Not exactly the same thing as the engine's total life, but a better reference as what you could expect to get.
Granted my original reply above conveys none of this, but it was intended as just another reference point for Ken336 to use in making his own determination.
I might add, that I also asked the Detroit Diesel rep what I could do to help keep the engine running for as long as possible and he gave me this advice:
1. Keep it full of clean oil.
2. Run it at an 80% throttle/rpm level when underway (i.e. loaded).
3. Minmize amount of idle time.
4. Clean air & fuel.
5. Keep it cool.
All of which I'm sure would make perfect sense to anyone.
Regards,
James