Not sure if a rebuild is necessary, but......
The reason I am thinking about the rebuild, is twofold: first, I am a stickler for reliability...I've sailed into my dock once because of clogged filters, and that was all I want to practice that skill, even though it went fine. Second, I put the boat in the yard the other day to redo the stuffing box and wax the topsides, and I noticed oil that appears to have run out from the back of the valve cover, and the dipstick was dislodged...signs of pressure in the crankcase...I haven't had time to check if the breather tube is clogged, which might be the problem, but I've never had any problems before, and don't want them to start now. There is no water in the oil, overheating problems, or unusual smoke, just the oil on the engine where there has been none before.Really, I was trying to find out if anyone has actually rebuilt a QM series recently and if they had parts acquisition problems...I appreciate the thoughts and advice...But I am still worried that I will get the engine torn apart and won't be able to find something like a new oil pressure relief spring or a rear main seal or a clutch...things like that. I also am leaning toward the new engine repower, as a few more horsepower would be nice, but if I can rebuild for $2000, I probably would do that.