I have a bit of a bias against rebuilding 40+ year old motors, especially ones that are dead. It can certainly be done well, by a reputable shop. However, there is no standard for what a rebuild means. They're usually just fancy sounding repairs and the engine remains loaded with 40 year old parts that might fail next. Throw in all the labor and an after market Beta probably isn't all that much more and you're new!. New feels goooooood.
A friend just repowered their old Westerbeke with a Nanni aftermarket, rather than rebuild. They'd have gone Beta, but the shop they brought the old Westerbeke to for a rebuild estimate also sold Nanni.
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