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Thanks Jose.  Shannon related her rebuild experience to me some time ago and it eventually cost her right around $5K.  At the time she said if she know how much it was going to cost she would have gone the route of an outboard.  But I'm getting too old for the gymnastics required to operate the outboard I have now.  I knew the Farymann was not working when I bought her thinking that I'd eventually get around to figuring out what the problem was. Turns out the cylinder is stuck at bottom dead center.  Impossible to budge her with the handcrank.  I've pulled the head and there is much corrosion visible in the head itself (rockers, springs, etc).  I've checked the Entec website and learned that Farymann Diesel no longer manufactures the cylinder head for this engine but for approximately $1200 USD I can make a conversion with new piston, cylinder and cylinder head for their 18W (bore increases from 75 to 82mm).  I'm going to pull the engine out this week - the port engine bed has to be reglassed anyway as the forward portion has separated from the hull. Seems to me I read in a previous post in this forum that someone else had a similar experience.  Once I complete the disassembly I'll know what other parts need replacement (Do ya 'spose there'll be a few ;o).  If the price of new parts gets too close to $2K then I quess I'll have some extra room for stowage. If I can find another used K34 for parts perhaps I'll be able to salvage what I've got. I'm fairly certain that salt water got into the engine (oil was milky) so she may be beyond hope.  We'll see.