Re: mercruiser 140
What size boat? 18' you'd have some nice top speed and may sit a "little" low in the water. 19' is where the V8's usually start.
Is there an area on either side of the 140 where the 5.7 motor mounts cant bolt into ( stringers )
do you have the Y-pipe for the 5.7?
Do you have the outdrive for the 5.7, as the Gear Ratio is very far from the ratio for the 140, 1.98R for the 140, 1.50R for the 5.7L
Other than that, I would do a test fit of the engine cover, should be fine, but can be made from plywood and strapping.