Re: Omc 400
How much do you like to work on a boat? I'm not sure of the 140HP, I've got the 165 and I've heard good things about the Chevy 250 that was the base for that engine. For my Stringer, I've had no hitches finding parts so far ... but you do learn to be a good scavenger. The drive system is a little finicky, and the goofy ball-gear is just a weird setup. I've had no problem with the transom boot, but it seems like you really have to keep an eye on water invasion in the outdrive itself (inside the gear cases). The 400 is a little different setup, so it might not be so bad. It requires plenty of attention to stay ahead of problems, IMHO.
On the plus side ... I like the engine on the stringers vs. the transom. I think the boat runs quieter. The tru-course steering that should be on that 400 is pretty flippin' cool. Mine is an older setup, and what I do like about it is the turn radius ... it's tighter than my folks Mercruiser. And ... considering I'm running a 40 year old boat with a 40 year old drive, they seem pretty robust for what they are.
Short version: I like what I have, but if I was buying a boat right now I would probably steer clear.