For me , I wouldnt be nearly as concerned with the fact its an OMC , I would be concerned over any 1970's boat . What I mean is how has the boat been stored and is the structural integrity compromised .
If you look over at the resto forum you will find hundreds of threads that start off with a used boat purchase then it turns into a full restoration because the stringers / transom / foam is all waterlogged.
So if you are looking at older boats , to me the drive is almost irrelevant.
I would take an OMC drive in a well taken care of boat way before a newer merc in a boat that has been stored outdoors for 20 years .
I would focus more on the storage of the boat over the years . Stringers, transom , ect is way more important than the brand of drive.... JMHO.