the engine wasn't replaced. It was rebuilt. that could mean almost anything. New mains, valves, rings would qualify as a rebuild. New starter, alternator, wiring harness would not. So you may have an engine and transmission with significant internal corrosion.
Wouldn't bother me if the asking price was substantially less than the average selling price of similar boats but it doesn't appear to be. I think I'd be tempted to lowball it.
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