Cost will be about the same. The Onan most likely will need to be bored, but get everything checked and measured by a engine machine shop.That will give you the list of things to be ordered. Then go shopping and pricing parts. Local JD dealer, Boomer's Onan Parts, Onan Parts.com and finally Jacks Small Engines. On re-power you will want a proven kit, otherwise you will have to do the drive shaft and adapter to engine, PTO to crankshaft adapter due to different size of crank, wiring changes, and finally the muffler/side panel fit.
It all depends on your $$$$/pain level.
It all depends on your $$$$/pain level.