Re: Mercruiser 120 Rebuild.....Bad news
I had the same problem with the $600, 66 I bought. But for $600 I assumed the motor was bad. I completely rebuilt mine, bored/pistons, Re-cut valves, increased size/sets, new cam, etc. ... The blocks are out there. BUT, be careful where you get it. I shipped 2 in before I got a good one I could work with. Shipping $s down the drain. Seems the last year someone uses the boat they don't bother doing a proper winterization. A lot of bad blocks out there. I have a spare motor in my parts boat but not willing to part with it yet. Look around in the Detroit/metro area. With the economy the way it is there you can pick up a whole boat that around that year for a few $100. Problem is they typically don't bother advertising them if they are ... giving them away. Might just goolgle marinas in they area. There are a couple boat junk yards there too.
Grzzzz