Finally made the decision and pulled the motor. Time for another face lift and a little more power from the old Ford 351W. Going to stroke it this time around to gain a little power to compensate for some of the weight I have added over the years. Going to be a fun project and I cant wait to see the outcome - High hopes for the old tub. Haven't finalized all the specifics yet but going at it with these parameters, Significant HP increase, Needs to run on 87 octane fuel, Power band 3200 to 4200 RPM, weight loss where possible.
You have to love what the old salt water will do to equipment after a few years -