I am considering buying a 1989 29' Phoenix Convertible with twin 200hp Volvo inboard engines. One of them seems fine but the other has water in the oil. I'm told it may be a blown head gasket but what is the likelihood that it is a cracked head, block or something else? If the engine has to be rebuilt or replaced, I was told that both engines should be rebuilt or replaced at the same time or they would never be able to be balanced; is that correct? I was also told that if the water has sat in the block for more than about 30 days, then is is trashed. Again, is that correct? Finally, any input on the cost of repairs for each of the possibilities would be much appreciated. Thanks.