454 / 7.4L MPI Mercruiser, 109 orig hours, complete drop in, freshwater $5000
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And it will definitely work with an alph. The two big thigs to be concerned with are the weight of the boat loaded and how you drive. SeaRay actually put a 454/alpha in their up-to 23' cruisers in the mid 90's....but the drive could not handle the power....