I've just completed an outboard transplant on Sovereign, my 1978 CD-25, and I thought I'd share my happy experience. I went with an 8hp Johnson 2 cycle with a 15" shaft. The reason was largely the weight advantage; it's just 56lbs, and can be easily stored in a cockpit locker after each use. This keeps the motor clean, out of sight, and free of internal clogging. With a sail prop it has plenty of thrust.
There is a reason for the 15" shaft. I know it sounds too short, but it's perfect when you replace the mounting bracket with a pressure treated 2x4. The top two bolts won't be used any more. Remove the old board, and just hold the lower edge and trace the holes and edge shape. This allows the motor to sit plenty deep in the well, and the hatch can be closed without any modifications.
There is one last feature I like on the OMC motor; the shifter is on the FRONT. With the plywood panel removed, you can unbolt the motor's tiller when you place it in, and guide it out that opening as you place the motor in. Just put the bolt back in when you've got it clamped. Now the throttle and the shifter are right there in that opening. With this set up I can sit on the closed hatch, and just reach down between my knees (not THAT tiller!:) to work the throttle and shifter without taking my eyes off the water. With the panel out, there is plenty of air flow, and the motor doesn't asphyxiate itself. I've got the two cowls pointing opposit directions too; this may be helping.
Carpe Diem,
John Ring
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s/v Sovereign
CD-25
Ringj@mediaone.net