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Dan,

I bought a Bristol 29.9 with a Universal 5416 that had a similar story - raw water pump leak ignored or not noticed leading to saltwater inside crankcase. Mechanic told PO that engine was toast, $12K plus to replace.

I rebuilt the engine completely for a little under $3K, I did all the dis-assembly and re-assembly and had a machine shop do the cleaning and machining. Parts came mostly from Kubota dealer.

You can look ad some older posts of mine for more details and contact me directly with questions.

Best of luck
 
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