Guys (and gals), I am in serious need of some help here. I bought a 77 V20 center console late last year and started saving to get the motor repaired (carbs rebuilt, water pump, etc...) and to re-do the transom (with arjay per the suggestions on this site).
Well, last night I did a compression test on the motor (a 1991 200 Evinrude) and found out that the #1 cylinder has little or no compression and that the remaining cylinders have approximately 75 psi each. Since I haven't been able to start the motor I did the test with the engine cold. I have been told that I should do the test when the engine is warm but I obviously can't at this time
It also appears that I'm not getting any spark.
Anyways, does anyone have an idea what I should do at this point? Is the motor most likely trash or can it be rebuilt fairly inexpensively? I realize I haven't given much information here but I don't know what to do next.
If I decide to change the motor, what are my best options? I don't have a ton of money and can't finance one of those new 4 stroke Yamahas (although I would love to). I see lots of motors for around $2k to $4k on eBay and on Craigslist but can't make heads and tails about whats good and bad. I feel like I've already made a big mistake but I love the boat and want to keep it, and really just want to take my son fishing. Any help is appreciated. Thanks for your time....
Well, last night I did a compression test on the motor (a 1991 200 Evinrude) and found out that the #1 cylinder has little or no compression and that the remaining cylinders have approximately 75 psi each. Since I haven't been able to start the motor I did the test with the engine cold. I have been told that I should do the test when the engine is warm but I obviously can't at this time
Anyways, does anyone have an idea what I should do at this point? Is the motor most likely trash or can it be rebuilt fairly inexpensively? I realize I haven't given much information here but I don't know what to do next.
If I decide to change the motor, what are my best options? I don't have a ton of money and can't finance one of those new 4 stroke Yamahas (although I would love to). I see lots of motors for around $2k to $4k on eBay and on Craigslist but can't make heads and tails about whats good and bad. I feel like I've already made a big mistake but I love the boat and want to keep it, and really just want to take my son fishing. Any help is appreciated. Thanks for your time....
The thermostat also looks like it is well beyond its normal life. I will replace both sides. The cylinders on that side look absolutely beautiful. I am completely amazed. Thanks for the suggestions guys. I will update shortly. 

