Awesome advice thanks for the info I def see wat ur sayingSailboats are displacement hulls, so the top speed is limited by the shape of the hull not the horsepower in the motor. If you search for "hull speed" you'll find a formula that will calculate the theoretical hull speed. A 23 foot boat will have a hull speed of around 5.5 to 6 knots or about 6 mph. That speed is speed through the water, not over ground.
A long shaft 8 HP motor will drive your boat easily in almost all conditions. Higher HP motors will add weight and torque to the transom which is not designed to support that weight and torque. It will also cause the boat to squat stern down. Running a 15 or 25 HP motor will simply make a lot of noise, affect the boats strength and integrity, and burn a lot of gas to go just as fast as it could with an 8 HP engine.
One of the factors with motor selection is the weight of the motor. When the O'Day was built outboards were almost universally 2 stroke motors. Two stroke outboards are significantly lighter than 4 stroke outboards. I would be hesitant to go above 8 HP. Years ago I had a 22 ft sailboat that weighed about 3000 lb with an 8 HP motor, it easily pushed the boat to hull speed at less than full throttle.
The 8 hp tohatsu sailmaster would be a perfect fit for your Oday 23... checks all the boxes for power, weight, speed, economy and budget. Remote controls,electric start, power lift/trim and 12volt charging are features you can find if you move up to a 9.9hp or more. For your needs it may justify the added cost and weight (significant)… but that's a decision only you can make. For me, in my 27 footer, electric start remote control is most important. The motor essentially has the operational advantage of an inboard while retaining the maintenance convenience of an outboard.
This basic 8 hp tohatsu only weighs 83 lbs. 20 inch shaft (long). a few bucks more for 25" (extra long) if you need to mount off center because of rudder.
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