I have just bought an 89' spectrum 1950 w/ a 2.3 omc cobra ib/ob. I bought the boat after hearing it run on land w/ muffs on and it runs well and appears to shift smooth . The guy I bought it from had told me the outdrive had been rebuilt last year, but didn't provide any documentation to prove it. So I'll take him at his word unless I find out otherwise. I'm looking to spend a decent amount of time and money into replacing the deck,consoles and bow setup as well as replacing the seats. Before I get into doing that I want to make sure I'm not throwing good money away. Can someone walk me thru a list of things I should be checking out to determine what kind of shape things are in? I have not done a pressure test on the cylinders but intend to. What kind of pressure should I be wanting to see? Any information would be greatly appreciated. I've been cautioned to steer clear of older ib/ob because they can cost the long dollar but really like the boat and would like to give a thorough look over before deciding to rebuild it. Thanks again lump