Well I went the same route - Yannar 3YM20. As Peter said, it just about fits, luckily I didn't need any carpentry in th aft cabin. I found out a lot about Bill Parker's boat building though ... The Aquadrive (flexible coupling) needed replacing, and at last I got a feathering propellor.
First impressions are how much quieter and smoother it is; it's nice to have dipstick at the front, and the impeller at last accessible. In still water I'm pushing almost 7 knots (SOG and water log) at 3200 revs - Yanmar's recommended running in revs! A tribute to the Parker design, in spite of some impressive stern squat, there was no breaking wash from that slippery hull.. But cruising speed is as before.
I haven't had a chance to see if I gain any speed from the feathering prop, but I now actually stop when going astern!
John