Welcome aboard
NO. you have the infamous 170 motor. google speedy sleeve mercruiser 170. start reading up on this motor. your going to need all the help you can get as any bad idea on a motor got put into it. its sort of the platypus of motors
your going to be replacing cam seals and adding a speedy sleeve to take care of your coolant / distributor issue.
in the future you will also be looking for an exhaust manifold, converting the alternator and doing a bunch of other updates to try to keep this motor running.