'79 Weekender re-power question

elliscfp

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Joined
Jul 25, 2020
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Age
53
Location
Salem, VA
Model
Weekender
The engine in this boat is a Volvo Penta TAMD 40, and I quickly learning that it will be very expensive to rebuild. I'm also told that, even if successful, I'll be running an obsolete polluter. I'm looking for recommendations for re-powering on a budget, so am open to rebuilds or remanufactures. I realize I'll need a replacement lower unit, as well, but let's start with the engine.

Thanks in advance--