I think my 92-175 carb'd was around $3K tops, maybe closer to $2K'ish......say $2.5K and split it down the middle. I personally did (so no labor costs) it 3 seasons ago over a winter so I was able to take my time and work on it here and there, so its hard to say how many hours. If I totaled the hours? Guessing perhaps 40 hrs of work where my feet and back got sore. A pro/guy that did it for a living could probably do it faster.........I made a few mods on the way, solid state T/T relays and monitoring system (those hours not included above)
Nothing major was wrong with it other than lower compression and some scuffing.....It was running okay when I tore it down. I shipped the block to Fla. to be bored and decked, think I went 0.030 over. New piston, rings and wrist pins then of course but was able to re-used the crank and rods and their needle bearings.Went back with all new gaskets throughout along with new top and bottom bearings and any and all new seals/o-rings, etc.
Tore down the auto oilier and T/T pump/motor as well for inspection/cleaning (those hours not included above)
I re-built carbs with new floats, gaskets, jets, seats, etc but, had loose/leaky butterfly shafts, so I re-bushed the carbs (those hours not included above) as well. I also re-built the fuel pump......
Think that about covers it, no coffee yet, its early I could have forgot something.