Thanks for all the input. I will summarize what I have found so far about
engine replacements.
Much to my surprise pricing for new Yanmar engines with similar hp (55 hp)
to the old engine pricing is better in Canada compared to the US.
With "boat show" pricing I have been quoted $14,900 US (list $18320) for a
4JH5E or 4JH57. Of course with Yanmar products they can't be shipped to
other regions so I would have to pick it up in the US and pay state tax,
followed by Canadian tax when it is brought into Canada. (total about 20%
:(   )
Canadian pricing is approx $14900 CAN, roughly 10% less given the exchange
rate and I wouldn't incur the US state tax.

As many recommend Beta as an alternative to Yanmar I started looking at
them as well. The 50 hp option is about $14,000 CAN before any options
(higher output alternator, longer wiring harness etc) and this is before
adding any of the items required to change engine mounts, exhaust etc. I
don't see the significant savings I was expecting based on others
experience.It sounds like maintainability (parts, access) are better than
Yanmar so savings aren't only $.

I am likely going to put in a remanufactured Yanmar  4JH3 which I have been
told should be a drop in fully replacement  with the same hp as my
turbocharged older model. It sounds like Schooner Bay have an excellent
reputation delivering fully remanufactured engines for less than half the
price of a new engine.

Thanks for everyones input. I will update the list as my project proceeds.
Jon

C&C 44
Mor' Childs Play
Kingston ON
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