There were problems with Bravo III between 1994 and 2000. With that said, dont write it off just yet.
If the problem was corrected I would not hesitate to own one.
You need to do a little investigative work to make sure this problem was appropiately resolved by the owner. Since you say the boat was slipped in brackish water, I'd be willing to guess that the problem was taken care as the lower unit would have been destroyed if it wasnt.
There was such a wide spread problem with this drive that Boat U.S. stepped up to the plate and petitioned Mercruiser to fix the problem. Their efforts were successful. You can read more about it here:
http://my.boatus.com/forum/forum_posts. ... sus+twins#
366 is
low hours for a well maintained FWC motor. The questions now becomes:
PRICE
I understand if you do not want to share the price with us; you can shop it around on boat trader or any number of other resources. The problem is not many parkers were equipped with I/O's so you probably won't have a big baseline.
You may seriously want to consider hiring a surveyor. If this is your first boat, I definitely would advise that. I would however be pretty certain that I was going to buy it first and that the price was in my ballpark and I was dealing with a reasonable owner before I coughed up the 300-400 bucks for the survey. That is chump change if there are major problems discovered. This will also possibly be a viable bargaining tool, if defects are discovered and the purchase price has to be renegotiated.
It's hard to resist, but make sure you don't psyche yourself out so much that you can't walk away if things don't go right.
I searched for about 2 years, looked at a half dozen parkers and even paid for 1 survey on a boat that I didn't purchase. It was worth it because the boat ended up having major issues that were beyond my capability of finding at the time. The rest of these boats I looked at were either snatched out from under me (sold quickly) or were way over priced. It was a sellers market back then demand for Parkers were so high that they didn't stay on the market very long.
Times have changed though. Make it work for you. Dont rush into it and for goodness sake do your home work and due diligence. Not saying it will or wont come together but if you don't get this particular one, another will come along. You will be that much more knowledgeble when it does.
Mine came along when I had stopped looking. It wasn't exactly what I wanted but it was a steal. I was already prepared (financing and surveyor at the ready) and thus I jumped in with both feet. It was a smooth process. Do you homework and don't get so exited about it that you rush into it or overlook reality.
Good luck and keep us posted on your progress. If you do go for a test spin, write down the serial number on the drive and motor. More on that later...
I'm not trying to sound like a know it all and I am certainly no expert but I do know from personal experience that hard lessons usually come at a steep price. I've paid my share over the years. Be armed with as much knowledge and research as possible before hand. When big $$$ are on the line concerning things you know little about, paying an expert (a good surveyor and/or mechanic) a little cheese for their imput is priceless.
You are correct, this is an awesome site with a ton of knowledge and personal experience. I only wish I knew about the site a little sooner. It no doubt would have saved me some
pain...
Hopefully, we'll be congratulating you on your new ride before Christmas!