Oh yeah definitely going on a stand and getting dialed in, compression check, etc. The 3.7L at least has the alternator upgrade over the earlier stator design.
I would love to do the electronic ignition upgrade, but I'm clueless at that stuff. I'm not an engine builder, I understand the concepts, etc, but not something a guy wants to try without an expert around.
I'll get it on the stand, wire up gauges, battery holder, I have a spare key switch around, etc. I won't put it in until next fall / winter / spring...too many irons in the fire right now. Plus, I want to find the 4 barrel intake & carb so that's installed & working before it goes in the boat.
I'd also like to lose that cast iron head since the block is already aluminium. Who knows...I have the motor now and that's a start!