No. the stringer uses a giant hole that the outdrive passes thru. the hole is about 20" x 20" in size.
the mercruiser uses a "key hole" that the driveshaft and steering pass thru. the keyhole is about 6" by 16". to simply swap you would need to rebuild your transom.
you can, however strip all the mercruiser added stuff off the 1986 motor and strip it down to block and heads, then strip down the OMC and put the running 1986 block and heads where the busted 1984 block and heads were.