Re: 1972 50HP Electric Shift
You really can't make a change to hydro-mechanical (which is what the '73 model is), without pretty much ending up with a different motor.
I own two 1972 Johnson 65hp motors - one is on my boat and one is on a stand in my shop. The motor that is in use has been very reliable and I like it. I bought the second motor because I picked it up cheap ($150) and figured that it could either be a backup motor or a parts queen.
I guess my point with this info, is that the hydro-electric motors can sometimes be very good motors and somethimes not. It really depends on the condition of some key components. If the motor is in good shape, and you acquire a parts motor or individual parts to "warehouse," you might just have an inexpensive solution to your repowering desires.
BTW, the powerhead from the '72 will probably fit the '73. The "exhaust housing adapter" and the "adapter to powerhead gasket" part numbers are the same for both motors. That being the case, if the '73 that you can buy has a bad power head, but the rest is OK, you should be able to put the '72 powerhead on the '73 engine. Doing so is relatively simple and could be done by an experienced person in a couple of hours.