"Greg: What is the typical required re-build time on a non high-performance outboard in hours? I assume the newer four strokes are better than the older two strokes?"
silverghost, It's tough to compare any OB to a well maintained 454 package for useful hours but the ETECs have been logging 1000 hours with no problem and the Yamaha Ox66 250's would do more but neither are as fun as the high strung 2.5 Merc stuff. Some think the 2.5 was the best consumer/race motor that Merc ever built. The calcs say I will need 9HP for each 1MPH gained so there you go.
I've never seen a 2.5 mounted on a 16 Baby so I'd suspect it will be "interesting". May not end up being useful but certainly interesting.
1972 16 OB - C16B-63 - "Surface Tension" Resto Project
1974 16 OB - DMR16106017-B - "The Mule"