Yes you can - but be advised that the transom is wood - and they are known to rot.
That said - if you are going on this adventure - and you have the resources - the first thing I would do is replace the transom - then cut it out to whatever the format for the drive.
BUT - if I remember correctly - the jet drive version puts the engine about 8" further forward than the IO version.
BTW- http://www.classicglastron.com/phpbb/index.php
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Current Whip: - 2003 996 Twin Turbo - 39K miles - Lapis Blue/Grey
Past: 1974 IROC (3.6) , 1987 Cabriolet (3.4) , 1990 C2 Targa, 1989 S2
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