Re: options about buying old motors
Just a suggestion...........place this in the non-repair outboard discussion with your specific motor model in the title. There's no sense in not asking some of the guys here with MANY years of experience with motors that old to see what particular weak points the motor had, or if it was a motor they didn't think highly of. I try to do this and have ALWAYS received spot-on advice.
As for the age of the motor, it's not that important to me as long as the motor looks in good shape, without a beat-up, shabby, skeg/prop-mangled appearance.
I wouldn't buy an electric shift or hydro-electric shift OMC unless it was a super nice looking motor that I could see shift in person, and probably not even then unless it was a great deal. What kind of shift is your motor? I don't recall hearing a lot of good things about the 50horse OMC motors in the past..........
Last of all, do you mind cleaning carbs, replacing impellers, fuel lines, tearing lower units down and replacing seals? If not, a motor that old probably isn't for you. If you don't do that kind of stuff before you get ready to use it, then that motor will probably wind up plaguing the heck out of you with regular breakdowns.
If you can do those things yourself, an older motor that wasn't abused could be a super good buy, and be a reliable old servant to take fishing.
BTW, a motor that's over about 6 or 8 years old is going to have some of the same things in common that would need to be replaced/rebuilt that a 40 year old motor would have.
Good luck,
JBJ