Just looked up the motor specs in my '73 Mercruiser Manual.
There were 3-302 versions used....one 188 HP, one 215 HP, and my 225HP.
Everything internally is the same except a few things. My motor has a higher lift cam (makes perfect sense), slightly different Piston Ring Gap, and different Valve Seat Width. Other than that, everything is the same. Oh yeh, the other 2 were 2-BBLs mine is a 4-BBL (was a 450CFM Holley from factory, is now a 600 CFM Holley from "ME", LOL). Here's the differences....
Piston Ring Gap .015-.069 (188 & 215HP) .015-.055 (mine)
Cam Lobe Lift
Intake .260 (188 & 215HP) .278 (mine)
Exhaust .278 (188 & 215HP) .283 (mine)
Valve Seat Width .0625-.0781 (188 & 215HP) .060 (mine)



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Well good luck with your purchase hope to see ya down in RI.