Re: 1964 MFG 16′ boat need advice

[Don]

Like all have said, this is an old boat, engine, and trailer….
Let’s start with how much does the seller want for this rig?
This engine has electric shift, so you would want to check the gear lube for signs of water, it won’t shift properly with water in the gearcase. Looks like all the parts are there for the engine, just know that bad wiring/harness/shift switch is a big deal, and there is no way around making proper repairs/replacements….
You would probably want to do a compression test also.
You will definitely want to have a close look at that transom to ensure it has not rotted. Tilt the engine up and engage the tilt lock. Now try pushing down on the engine/gearcase while looking to see if the transom is flexing. The trailer "looks OK", but will probably need new lights/wiring and wheel bearing service.
And, like a car, this boat and trailer will need to come with proper paperwork/title, so it can be re-regsistered.
This rig will definitely be a "labor of love" and require an owner who is capable of servicing that engine, and perhaps doing some fiberglass work.
Like others have said, these old V4s drink a lot of fuel, so it will be expensive to run.