Lots of great info and advice for you here already. Great forum huh?
engine:
cases, bedplates, crank- great for freestyle build
cylinder- will work as is, but needs mods to work for freestyle. Sell cyl. and swap to 61x easier route
Dual 44 carb/intake- many use and happy with this setup
electrics- use starter, bendix but ebox, fly and stator should be replaced. You can use them as is and upgrade later but timing, heavy flywheel, etc. not good for performance build. Ebox front, coil, volt reg., and solenoid can be reused, but easier to sell 64x setup complete and buy 61x or 62t ebox, stator, fly.
midshaft:
housing is the same as RN but lacks second rear grease seal, rebuild with SJ kit or replace rear seals. Press out shaft and replace with SJ midshaft. You can reusesame eng/midshaft couplers.
pump:
driveshaft is too long but can be modded to SJ length. Pump stator and reduction nozzle are good to use. Wear ring is the same but you will need to helicoil the front 4 holes to add threads for the long pump bolts. You can shorten them or replace with sj length ones. You will need the pump to shoe seal. Steering nozzle will need to be replaced. Prop too tall in pitch- replace.
Steering and throttle cables wont work-sell
motor mounts and hardware- use in sj
start/stop switch- can be modded to work, but not worth doing if you will be in saltwater-replace harness if so.