Re: higher hp motor on rebuilt pontoon
I have a family member who was a member of the Florida Marine Patrol /FWC for close to 30 years. I was told that once you buy a boat you can put what ever on that will float. Once you purchase a register your boat, the CG data plate is guide line for manufacturers and licensed boat dealers, and that since you can register boats as "home made" those guidelines do not apply to persons modifying/rebuilding/building from scratch their own boats. Putting a 350 HP motor on 12' toon may make it un-insurable, and it may be a strong violation of common sense, but it isn't against the law in Florida, and probably not in most other states either.
Now, if you build a boat that is designed to carry passengers for commercial purposes, it must be Coasty approved, but if you build yourself a boat for your own recreation, this is one area where you still enjoy the freedom America was founded on.
So lets say you rebuild this toon and hang a 115 on it, and the engine pod can't handle the stress and suffers a sudden and catastrophic failure, killing everyone on board, if the boat is insured as you built it, they may cover it because before they insure it in the first place they must perform due diligence to make certain the craft is not patently unsafe, notwithstanding fraudulent or misleading information regarding the capacities and specifications of the vessel provided by the insured. If it isn't covered, or if it's not insured at all, your liability goes to your estate.
Since you are discussing rebuilding an old toon, I'm guessing your not Bill Gates, and your assets and estate don't amount to the national debt. All things considered, put an engine pod on the boat that will support the motor (if the one that's on the boat won't already handle it) and build the damn boat the way you want to. It's your boat. If you have any questions regarding the legality of the build, consult your local water police (FWC or whatever) and see what the LAW states, and consult with a pontoon bot dealer about the rated cpapcity of the boat in question, and talk to an insurance agent who knows about insuring boats to the straight dope on the topics discussed in this thread.