yeah looks like you went through it with that engine
yes it was a learning curve let me tell you , point being , don't expect a bolt an go with that early OMC motor , it will work "but
"you will have to strip to a long block and go from there ,end of the day IMO it will be no where near as good the later model balance shaft version.
as you probably noticed from the thread link ,i have a bitsa ATM in the boat but all Mercruiser , its a very powerful and solid motor , it has parts from motors ranging from 2008 to 2015 in it with HTtec extractors , a HEI distributor ,a quadrajet 4bbl carb and lots of machine shop work , so the Hp is well up there in the 250 + range with reasonable torque, it is solid and reliable as that was my aim and on a realistic budget.
in retrospect a V8 would have been easier and cheaper to get more HP ,but now i have the little 4.3 working i am glad i went that path because this thing just sips fuel and sounds amazing @5500 rpm (the limited RPM i allow) . you guys are blessed with availability of 4.3 parts in the USA so it will be easier for you to get a good 4.3 working. here in AUS they are a neich motor so parts are few and far between so it made for a project .