Just a thought here you might be interested in. I just purchased a 97 Lund 1950 Tyee Magnum that has a rebuilt 5.7 in it. I've been away from Mercruisers for a few years so I'm re familiarizing myself with Mercs. Anyway I really wanted to know who did the rebuild. After doing some home work I found out that it was reconditioned by Merc, but it gets better. They call it a Mercury Re-Manufacturing Plus Series engine. So it's bored .040" over which makes it 357 cubic inches or 5.8 liters. They do re-use some usable parts like rods, cams, cranks and some other parts only if they are in spec. They do install new pistons, new stainless steel valves, heavy duty valve springs, and a high flow oil pump.
Then they go and strap on brand new exhaust manifolds and risers, new intake, new 750cfm 4 barrel carb, new fuel pump, water pump, power steering pump, alternator, and the latest and greatest Merc Thunderbolt ignition with knock control. It's basically a turn key system, drop it in the boat put some gas and 12 volts to it and go.
Oh, they bumped the ponies up to 275hp.
If you type in your browser Mercury Re-Manufacturing 357 Alph 4V it will take you to the Merc site where they have a brochure and videos on the Plus series engines
Anyway, just thought I'd throw that out there as a way you could have basically a brand new power unit and save yourself some time looking for engines, manifolds and all the rest of it.
Unfortunately they are a little pricey at about 8K, but think of the piece of mind with all that nice new stuff in the back of the boat.