As I asked before, does the unit have a Mariner or Mariner II block. 2003 would be in the realm of still having the Mariner Block available. Bauer made the change to the Mariner II block around this time. Brownies would not have changed the model because of the block change. So you see, I can't tell you what block is on your unit. You can tell very easily what block you have. The Mariner has an oil pressure regulator attached to the side of the 3rd stage. There is a clear sight glass on the regulator. This regulator is not present on the Mariner II. The Mariner has a dipstick for checking the oil level, which is located on the left side of the first stage (facing the side opposite the flywheel). The Mariner II has 2 oil level sight glasses, located on each side at the bottom of the crank-case, facing the side opposite the flywheel.
800 rpm is too low. The Mariner can be run at 1100 rpm. I can give you the model number of a Leeson, single phase, 5hp motor which will work. The motor is ODP, but it has one of the lowest amp draws of any 5hp motor I have found, 20.5 FLA. Since we are a Leeson Distributor, I can tell you whether it is in stock at their Miami location and may be able to help you on the price. You can also install a TDR on the auto drain circuit which will keep the unit "unloaded" until it has reached full speed.
Craig