Others will date this more accurately than me; but it looks like a mid-sixties Evinrude-color power head, to me. I think someone swapped power heads at some point, otherwise the serial numbers would have matched. Yeah, theoretically, you can run them at 50:1, but with all the corrosion-damaged cranks and rods I have seen in my life, I always run my Fastwins and FDs on 24:1. I have had zero running issues, doing so.
Long live American manufacturing!