Someone's a little 650 biased. A freshly rebuilt 650 with a rebuilt crank would be pretty reliable, but a stock 701 is plenty reliable too, but buying a used engine, you never know the condition of the crank unless you take it apart. I've seen used 701 shortblocks pop up in the 350$ range. Rebuild a stock 650- 250$ for a rebuilt sbt crank, 150$+ for the piston kits, 75$+ for the gaskets and even more for OEM crank seals, 100$ for the cylinder boring, etc. Not cheap. You could find a used 701 and replace the crank with a rebuilt sbt one for that. Also, you won't get much for selling a 650. They're not desirable motors. If you're already planning on going through rebuilding a 650, I'd skip that and go to a 701. But if you're 650 was running fine, I wouldn't tell you to drop a 701 in it right away if you were on a budget. Prop & an intake grate first, etc.
A 61x cdi can be found for around 40$, and will be perfectly fine with a stock 701 engine. You don't need a ton of extra revs on a stock 701. A lot of people run a piped 701 with just a stock cdi.. The 701 is a better platform to build off of compared to a 650. Whatever you decide to do, if you choose the 650 or a 701, throw a prop on it. A prop will make a huuuuuuge difference and power increase.
If you want reliable, don't mill the head. If you bump compression, put on a girdled head and make sure you run the right octane fuel.
A 61x cdi can be found for around 40$, and will be perfectly fine with a stock 701 engine. You don't need a ton of extra revs on a stock 701. A lot of people run a piped 701 with just a stock cdi.. The 701 is a better platform to build off of compared to a 650. Whatever you decide to do, if you choose the 650 or a 701, throw a prop on it. A prop will make a huuuuuuge difference and power increase.
If you want reliable, don't mill the head. If you bump compression, put on a girdled head and make sure you run the right octane fuel.