Re: fuel burn
4.3L twins will also be enough power, and will be the most fuel efficient. They will also have the bonus of the smallest maintainance costs and less expensive replacment parts.
Except, believe it or not, manifolds and risers. They cost more than the SB V-8 parts. It's not just Volvo. I've heard the same from Merc owners, too. Surprised the heck out of me. Otherwise, I'm quite happy with my 4.3's.
The Dancers the OP is looking at apparently weigh about 600 lbs. more than my Vista. If that's the case, I think a single big block will be hard pressed. Twin 4.3's will be better, but I'd want to try it fully loaded.
I'd lean toward twin V-8's and in all honesty I've never been a big fan of the 5.0. IMO the 5.7 has essentially the same fuel consumption and significantly more power. HOWEVER, I would not pass up a boat I liked simply for that reason.
My .02