I picked up a 88' Bayliner cuddy cabin 19' with trailer and extras for $1000. It was cheap because the engine has a bad knock in the bottom end. It is a Chevy 305, I put water to it and it starts right up, sounds good, smooth, shifts easy but the engine isn't getting oiled even though the oil pressure gauge reads 50lb at an idle. Bad knock in the bottom end as the seller said. I even pulled both valve covers and started the engine expecting oil to fly and make a mess but there is hardly any oil getting up to the rocker arms. Even above 1000RPM's there is little oil in the top end and that bad knock in the lower end. Ok I am not going to fix the 305 but replace it with the 350 using all the marine accessories from the 305 plus marine head gaskets and soft plugs in the 350. I am an engine guy so I have already picked up a rebuilt 350 long block from a trusted family friend. Only had to give $550 for the 350. So far I am only into it $1550.oo and I can do the work myself, I have the skills and tools but no real boat experience so here is my question. I have been told that all I have to do to pull the engine from the out drive is to unbolt the bell housing from the engine and the drive shaft will simply slip from the crankshaft. Is that correct? If so is it that easy to reinstall the new engine? Since it isn't a large cruiser the engine sits at deck height, I mean the engine mounts are at deck height rather than in a lower engine bay. Looks like it should be an easy swap but I am taking my time so I don't run into unexpected surprises.