Herb,
What do you intend to do with the boat? I assume you will trailer it, correct? That being the case you should not have any problem. There is a little more upkeep and a little more corrosion to deal with but if you do the work the boat, jet and engine should hold up fine. If you intend to moore it for more than a day or two at a time you have more issues to think about.
My brother has a 74 Sidewinder with a berkeley jet that has been used in salt water all of it's life and is still going. He is careful to thoroughly flush it out after each use, running fresh water through the engine and rinsing the entire hull and especially the jet.
On the engine, stay away from injected headers (bassetts or rewarder) and either get the aluminum center riser (stainless marine, EMI Thunder, etc) or spend the bucks for the Lightning ALL stainless headers or CMI stainless headers. If you have trick aluminum engine parts (heads) you may want to go for the closed cooling system, but with a typical cast iron engine block and heads failed exhaust manifolds or other problems will hurt the engine before corrosion from the water jacket will. Oh and make sure the head gasket is stainless and that you have brass core plugs.
As far as the rest of the boat, polished aluminum dulls and starts to oxidize almost immediately so get it powder coated if possible. Use stainless hardware anywhere you can.
The real problem in salt water happens when you have the dissimilar metals (aluminum and stainless or cast iron) immersed in the electrolyte (salt water) you start a battery type action (electrolysis) that eats away the aluminum parts. Take away the salt water after you use the boat (take the boat out of the water and flush the engine and drive) and you eliminate 90% of the corrosion problem - even if you are running an aluminum intake manifold.
As far as the trailer, make sure to get a galvanized one (only costs $50 - $100 more) and flush it after each use. I see galvinized trailers lasting 15 plus years around salt water, still in good working shape. Painted steel trailers are usually shot at around 5 years.
Good luck
Doug McCoy