Originally Posted by
MILD THUNDER
Those are definitly gil manifolds and tailpipes. I agree, ditch the muffled style tails you have now, and get some matching standard trs style gil tailpipes.
As for engines, you may be better off finding some nice low freshwater hour takeout engines if you are on a budget. You would also want to replace the oil coolers, and trans coolers, or minimum pressure test them. If they were in salt, they may be toast.
Would be a good idea to pull the drain plugs on the drives. If any water comes out when you first pull the drain plugs, the drives could be rusted and pitted inside. You don't need to completely drain the drives, but just pulling the bottom plug for a second will show if there's water sitting in them. No water, then just POP the plug back in till you get ready to change the lube and use the boat. The ssm III holds about 2.5 gallons per drive I believe. Inspecting and greasing the ujoints, bellows, etc would be a good idea before running it.
Take it slow, one thing at a time. Even if it takes a few years to complete it, you will have a awesome, classic ride when its all done. Try to stay involved with the project though, even when moneys tight. You would be surprised how much you can do/restore with just plain old elbow grease. Even if once or twice a week you get to the boat and clean something, polish something, etc. This way when you do finally get the cash together to purchase some motors, exhaust, and props, the little stuff will be done. Then when it hits the water, it will be a beauty once again!