Re: engine overhaul vs replacement
unless your "bud" actually knows what he is doing, buy a used one.
Knowing what he is doing would be: rebuilt engines before. that actually run... for extended periods of time. And not just one engine, several. It's not all that difficult to do a full rebuild, but at the same time, it's really really easy to take a decent core and turn it into an expensive boat anchor.
I would have different advice if you were doing it yourself and wanting to learn, because I think everyone should dive into their own projects. BUT at a pace that they're comfortable with.
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Greg
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