Southcoasting:
I went through exactly the same process and found it extremely satisfying - I trust you will too.
http://www.moyermarine.com/forums/album.php?albumid=150
The por15 black primer is really good - pay attention to the warning about sticking to skin - it won't come off for days if not a week or more.
It looks like the PO paid some attention to the engine - that's a nice find!