Re: repair or replace console?
I am in the middle of restoring a '95 fm161. I planned to just re-power and re-paint, but I kept on going.I had the same issue, and also saw your post on locally on CL, (so I think you must also be in NJ).
My console was not as badly cracked as yours, but still had some damage.
I rebuilt mine with Marine-Tex from Boater's World. MT is a two-part expoy putty. I just filled in back of console with newspaper and worked MT into cracked/broken areas. Once dry, I sanded and painted.
I can't say how it will hold up, but I think the repaired parts are stronger than the original.