Re: 5.7 to 3.7 swap. Possible?
You would be out of your mind to swap a 5.7 to the 3.7. Heck, I wouldn't swap in a 4.3L either unless I just happened to have a spare one lying around and didn't plan on keeping the boat long. Putting in a new long block 5.7L (assuming your current engine is cracked) is going to be the cheapest option, no matter what. There is no conversion or other mess to deal with. I think you should have the engine looked at by a certified marine mechanic to get a diagnosis on the engine's condition (pressure test, compression test, etc), then make a decision.