You should be able to find a fairly long discussion of this in the archives with a lot of good information. One owner of the same boat put in a 20HP diesel, and found it gave him the power he needed, despite most books telling you that is not big enough for the boat. There are currently no engines in production with more power that will fit in the space, the Betamarine BD-1005 has 28HP and is designed to fit on A4 beds, but needs the seat above to be raised a couple of inches, there is a Yanmar 3 cylinder that needs something similar. Universal and Westerbeke have made 4 cylinder engines in the past which were a good fit, but finding a used one is not easy.
There is also information on replacing the fuel tank, prop, shaft, stuffing box, and cutlass bearing, which you may need depending on what originals you have on the 1976.
I have had to replace my salon anyway after hurricane damage, and have recut to fit a bigger engine.
Gareth
Freyja E35 #241 1972