I am new to the forum (just found it) and not sure if I should post my question here or in engines, I can repost if its in the wrong place. I need some advice from Mariah owners who know more than I do (most anyone fits the bill).
I have been a very happy owner of a 1994 Mariah 202, 5.0L EFI (might be 5.4L) for the past 10 years. I LOVE THIS BOAT

and use it in Lake Tahoe, CA.
Unfortunately, due to other priorities it has sat in my driveway for the last 2 years and when I took it to a very reputable marine shop (my old one went bankrupt), to check it out before using it this year, he said it had a cracked block and I needed a new engine. I looked at the crack and he is right, also, its on the inside so I think a quick weld fix won't work. (I am not very knowledgeable on Marine engines, but I have done a little internet research).
The mechanic wants to put in a new engine for $6K total. Says a rebuilt or used would only be a bit less (~ $5K) and not worth it on such a nice boat. Interior is in good shape (not great). He says its a great boat and well worth putting in a new engine and that if I end up selling it, with the new engine it would be sell for around $11K-$12K, so its better than trying to sell it with a cracked engine.
Questions are:
1. Is the price for a new engine installed sound about right or out of line?
2. Does it make sense to replace the engine or just move on and buy another used boat. (I purchased this one for ~ $10K in 99)
Other comments and opinions that can help me are much appreciated
Thanks.
Stuart