I've got a twin cylinder fresh water cooled Yanmar inboard diesel on my P27, but that's largely because that's what the boat that I most liked in all other respects happened to be fitted with!
Would I have bought the self-same boat if it had been outboard engined? If it was transom hung - no way! If it was in a well, then absolutely Yes, with the following caveats: I would expect to have to supplement engine charging with wind or solar charging, and, if the outboard was not one of the models marketed as a sailing boat auxiliary, I would have immediately changed it.
This is because such models have a longer shaft than the standard Longshaft length of 22"/56cm so as to place the prop even deeper in the water for better grip and to ensure that it does not come out of the water when the boat is pitching heavily; and they have a much finer pitched, larger diameter, larger blade area prop to focus the power on thrust rather than speed: and they have a modified exhaust system to relieve the back pressure that comes from immersing the exhaust deeper in the water; and most will also feature a propellor that deflects the modern through hub exhaust when in reverse, so that full reverse thrust is maintained.
Just don't expect an ordinary Longshaft non-sail boat outboard to be effective for the converse of all the points above.
I love outboards, especially 2-strokes for their inherent simplicity and reliability, and for the fact that they are far cheaper to buy, & replace than an inboard, far simpler in their installation, far simpler to service [whip them off & take ashore!] and are totally self contained - no mountings to fail, no couplings to vibrate, no shaft to wear, no shaft seal to leak, fouled props easily cleared, damaged props cheap to replace, etc, etc.
But Ken is right - range is an issue - a standard 23 litre outboard tank will be totally inadequate & you don't want to be fiddling with multiple portable tanks, let alone plastic fuel cans, so you should have one large [or two interconnected] fixed tank(s). 4-strokes will use 40% less fuel than 2-strokes, but need more professional care and maintenance than 2-stroked.
If you do go Inboard diesel [and almost all 27's are inboard], and if you have a choice, go for Bukh because they are purpose designed marine engines whereas Yanmar, good as they are for their type, are just another marinised high speed commercial diesel. In an ideal world, get an Indirectly Cooled [fresh water] model - it will have much longer life than an engine that is Directly Cooled [raw water].
Good hunting!
Geoff Sheddick
Parker 27/146 "Stroller'
Geoff Sheddick
Parker 27/146 "Stroller'