742B 4G32 interchange posting:
I bought a water pump for a 1978 dodge Colt--an Aisin WPM 006. Was an exact replacement for the one I took off my 742B with the 4G32 engine, and which appeared to be the OEM water pump. I also ordered a 2nd one, also for a 1978 Dodge Colt made by GMB Lazorlite L 31-1049 ($18, the cheapest I could find). The casting appeared to be identical to my original, the impeller was different, but I assume it would work. I got both from Ebay. Rock Auto might have been slightly cheaper for Aisin. I recommend the Aisin. There seem to be many available from $40-$70, but I suspect everyone is clearing out their old stock so may not last long.
And, I bought the cheapest distributor cap I could get from Rock Auto ($4) also for a 1978 Dodge Colt and it too fit perfectly on my Bobcat, including having the spark plug wire sockets in the right locations. The only difference is that it lacks the vent opening, which I suspect matters if the machine is out in the weather. I will order a better one with the vent and brass contacts the next time I order, which should last me forever. FYI, it didn't look like any of the dist caps included the rubber gasket that goes below it.
Hope I have saved some of you some money. Bobcat wanted $750 for the waterpump.