Hi Sean:
No experience with Lehmans but....
A couple of things. Your website says she's 42" long, same as your post
here. You might want to fix that. <G>. $117,000 for a 42" long boat is
high.
Your website says 150 hours since engine top-end overhaul. Are you
saying that this condensation damage happened within the last 150 hours
of use? That sounds suspicious to me?
I assume your mechanic did not remove the cylinder head. He probably
just did a compression test and found one cylinder weak? Is this right.
Did he borescope or otherwise look inside? You said he could hear
something?
The thing is to go from a weak cylinder compression to a complete, major
overhaul is a pretty big leap. Your engine has 5500 hours so she is
getting long in the tooth but if she was maintained well, a few thousand
more should be possible. It's doubtful that this condensation did much
more than corrode the valve seats in one cylinder. How much can it cost
to just pull the head and look inside. Then you will know for sure what
you face and then you can decide. Seems to me a reconditioned cylinder
head would fix any such damage as you describe for about 1/10th your
estimated figures.
Joe Engel
Portland, OR