goatbeater,
I hope you don't end up in the same place as me, after my struggles with a Bukh DV10 LME (the LME is a shaft-drive and the LMSE is the sail drive version). If you PM me, I could pass on your details to the new owner (in Brisbane), who probably still has the near-new exhaust elbow, and thermostat I bought at Christmas, and the alternator and mounting arm and at the manuals. He said he will fit a new engine, so the old Bukh is now redundant. The exhaust elbows are now almost impossible to find. For spare parts, I found Andy Winter at the Engine Room in Auckland, NZ, most knowledgeable and helpful (
www.nzmarine.com/directory/business/the-engine-room).
I hope you succeed in repairing your Bukh, but you should be aware of the likely costs and hassle associated with an old and now rare engine. For example, the gasket kit is about $700, the exhaust elbow $650 (if you can find one).
My story ended with a crack in the flywheel, which is a 16kg lump of iron held on with a taper, taper-key and nut. (Good luck in sourcing a taper key, if you need a new one). My circumstances at home meant I could not spend the time continuing to attempt to fix things, so I sold the boat. I will get back on the water, but with a boat that does more sailing than fixing.
My Bukh had an alternator attached. The generator was unused. I had toyed with the idea of reconnecting the generator, but never got around to it. The problem with the alternator was that it relied on a belt attached to the flywheel, which meant you could not attach a pull-rope to hand-crank the engine, if ever you needed to. You would need to hand-start the engine to turn the alternator to charge the batteries but, then, you'd need to stop the engine to reconnect the belt, and you would not be able to re-start the engine because the batteries would be flat, so you'd have to take the belt off to hand-crank it. And so on. Maybe there is a smarter way to connect the belt to the motor, or even to hand-crank it.
Just a thought, but the generator is just iron and copper, so it might have survived a dunking. You'd probably need to replace the rectifiers, though.
For more information, see the last entry in my blog here
theboattinkerer.blogspot.com/2022/08/episode-40-conceding-defeat.html