Re: minimum engine size
What is the weight of the package? Older boats tend to magically gain weight. The more stuff you carry. the more power you need to operate "efficiently"( not laboring the motor). A motor not working as hard will last longer.
I have always leaned toward putting the max, or near the max power on any boat. That way, you're not as likely to be wanting more power later on.
I'm reminded of that old oil change commercial where the guy always said; "you can pay me now or pay me(more) later".