Dave, YES, You should use the boat. That hull will be safe enough up to about 90mph. You don't need the trans.(can't use it with a whirlaway anyway. It will just rachet in reverse.) Put a large flat tappet cam in that is good to 6800-7000. Get a couple of 660 center squirter carbs, and you will have an economical good running old flatbottom!! If you would like to call me for help,,,anytime. TOM..