Re: beefing up a 2.3 volvo ? can it be done?
Displacement is a godsend when it comes to boats, but the red Volvo B23 block can be tricked out to deliver up towards 500 hp.
Pretty sturdy engine and there are tons of modifications documented out there (many Swedish backyard builders have done wonders with these, as it WAS the engine of choice, readily available back home at low cost). Most of them for cars, but as long as working with something that does not involve tricky electronics and an oxygen sensor, a lot of "fun things" can be undertaken even for the water.
Of course, probably cheaper/safer/more comfortable to just buy a different boat with a larger engine (and a different set of problems - as no boats a problem free...).