John - I had to rebuild the head, replace all the hoses and put in a new holding tank. Engine and centerboard have been fine. I did spend 400.00 on a new instrument panel for the engine.
The shallow draft has been key on the bay. One of the main reasons I selected the boat. I am not sure how much of a difference there really is between 3.5 feet and 5.5 though. I can cut a lot of corners and get into out of the way places sometimes avoiding other boats.
I sailed Friday, beautiful, wish I was out today. Good luck maybe see you out...where is your morgan...check the sails carefully, lucky mine were almost brand new..