.... I LOVE my Challenger, but agree that this engine is not quite up to par for the boat. For me, this boat is just the right size, but it's damn underpowered. That and I don't trust the 787. They are quite problematic IMO. ...
What are you talking about ?!? The 800 Rotax engine is NOT problematic. I have one in my collection that is 17 years old... starts with the touch of a button, and runs like scalded ape !!
Build it right... maintain it a little... and they run for a very long time.
As far as under-powered... I won't argue... but the single engine Challenger runs faster than a lot of small boats of the same age. If you need more power/speed... a speedster from the same year is the same $$$$, and is basically the same boat. So sell yours, and buy the twin.
Wile I agree that an outboard isn't even a viable option... I don't see the point of spending the $$$ to put a 4-tec into an old hull.
OK... old cars, with engine/frame/drive swaps is cool... but parts can be bought easy, and relatively cheap. But, unless you have connections with an insurance company... where you can buy a new-er 4-tec ski, with a damaged hull.... the price is just too high to buy the parts.
Then... after you drop a total of $10k into the boat... and a butt load of labor... it's still only going to be worth $4k... and it will be hard to sell. (I wouldn't buy it)
As I was saying before... you can sell your boat... and buy a newer 14.5' 4-tec speedster/sportster. Chances are... you will be into it for less $$$, and you will have something that can be sold to the general public after you are done.
OK... I'm not trying to sound negative, because I like projects, and mods.... but if you are going to swap in an engine... there are a lot of other engines that would be WAY easier, and WAY cheaper. I think the ideal swap would be a 13b mazda engine. Small, light, no expensive electronics, and are easy to get.
Oh... last thing... to put a 4-tec in... and to take advantage of the power... you would have to also use the bigger pump. AND... it would be major surgery to cut the intake out of your hull, to feed it more water. Unlike car surgery... grafting fiberglass, in a stress area NEVER works out. (welding is easy)