Short story: Marine engines are often related to car/industry eninges but different!
Now, most boaters do less than 100 hrs per year, at 2850hrs and avg 75 hrs you have 38 years of boating. 2850 hrs is a long life on a recreational boat, but they will generally die from other causes like corrosion. Expect at least 1500 hrs if you do maintenance, more if you have a all dry engine room.
About "exactly like a car/crate engine", some, not all, is true. The block and some other stuff is usually the same. But as you said, the cams, the exhausts, the cooling setup and lots of other parts are just not available, or the same, in the volume car engnies.
Then you have stuff that is security related: Generator, starter and other electricals that just can't be allowed to make a spark in the enginge bay of a boat. In a car, no problem, but in a boat: NO.
So in short: A complete marine engine ex drive is like $20k here and a replacement long block is $5k plus reassembly here. So, the marine stuff including warranties and Volvo profit is $15k. But just the exhausts alone are $3k so you will quickly bury some cash even with a "free" block when adding water pumps, gens, tubing, injection etc.
I got non boat savvy friends that "got a nice big boat really cheap, the only things missing were the engines... and drives.. and controls... and props.... But junk yard engines are almost free" I still laugh when driving by.
Oilwise, the fact that the block itself is like an old chevy does not make it sensible to run fuel saving, low cost 5w30. The engine will require thicker oil that can take more abuse in a WOT marine situation. But of course, if a friend got 10000 hrs with 200 oci and prius engine oil, that's a safe bet too! *joke*