Yep , theres no way you can go wrong with a 151 . Great hull , excellent pump , good trailer but the motor is very old , very heavy and not that grunty.
I would offer him 3 grand less , use it as it is and putt together a Lexus, comy 3.8 , small block chev, or ls1 for it too replace the 3litre at a later date.
With the 3 liter in it Id pay 15-17
With an ls1 youd ask 20- 25 at a guess.
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