Yes If you do some research there a lot of budget option for building a reliable motor. A lot of stock bottom end (SBE) motors running on airboats.
LS1 tech
Pirate 4x4 (the tech garage second)
Hotrod, richard holdener,
Junk yard search engine www.car-parts.com just need to know what the motor you want came out of.
5.3 500-1200
6.0 iron block 1200-2200
LS2 2200-4000
LS3 more lol
The iron to Aluminum block is worth about 85lbs
The LSA cam diggin is talking about has some gains over the stock cam, but it is more an EFI cam. If you go EFi the TBSS intake produces better torque than all other stock intakes until you go aftermarket and most of those only have gains in the upper portion of rpm range.
Wiring harness is about 250-300 to get modified then another 250-600 to get it flashed and tuned.
Carb if you have one great if not 400-750.00
intake/ MSD kit 750.00
Know that there are 3 different front end accessory groups - alternator, water pump and related pulleys Truck, f-body and Corvette and they do not mix
But realize that a lot of the stuff you read is for engines turning way more RPM than an airboat motor.
There are several companies making timing box like MSD - Daytona sensor.
I have a stock 5.3 that had 113K and has been on 3 different boats over 8 years, I wouldn't hesitate to put it back on a run it again.
We run the gulf it is normal to run an hour may be more at 3800-4200 on the way out
Currently run a SBE 6.0 with a low lift cam .525 706 heads with 2.00 intake valve, upgraded pushrods, rockers and timing set on a 14' Alumitec. 706 heads bump the 6.0 LQ4 stock compression to 10.4 or so depending of how much it takes to clean up the head surface.
Pm sent
Good luck