drider......I'll address what I can. Because I'm commercial, I never cut corners on our machines but I would be very surprised if you do this for $700. The pulley does require a tapered shaft.....there were two that I know of, a long and short taper......you need the short taper. A now retired machinist I used years ago would take the long straight shaft cranks, weld the key way, straighten the shaft and cut the bobcat taper for me but, bobcat had sent him specs on two short tapers, each with different angles of taper. I have never seen or known what the application for the other one was. The entire variable speed sheave assembly (complete and new) is about $700 from Bobcat....you can find the parts on e-bay (or other sources) with some patience and knowledge and save a few dollars that way. If you are going to go with a Wisconsin engine.......keep in mind that if you go with anything but an engine spec'ed out for a bobcat you will have problems. You didn't mention what all parts you have so I'll list just a few. The bobcat engine has a distributor assembly with an output shaft to operate the hydro pump, idler pulley run on taper roller bearings, hardened crank gear and (I believe) hardened idler gear (all different from the engine you are looking at). You will need hydro pump, bracket, some type of 'love joy' connector and hydro connectors to be standard. I can't address the vanguard engine......no experience with it. Other then updated electrical, fuel pumps and oil filters.....I'm a big fan of standard but I realize, others with lots more knowledge make other things work.