Pete-
According to a sales brochure I have, the Yamaha 75 and 90 actually weigh 369 lbs, even more than your figures.
The boat with a light 60 hp engine would plane easier, but might be marginal or underpowered if you carry a lot of weight in terms of equipment or passengers.
We do know that a 50 hp motor won't plane the boat when one of a pair conks out, and I think this means that the 60 would be pretty marginal, even w/o the extra engine weight.
For a little more margin, you might also look at the Suzuki 70, wich has 1298 cc and weighs 335 lbs.
I think the smaller lighter engines will give you better gas mileage with their lighter weight, but that to go say, 15 mph, you need so much power and eiher engine will use much the same amount of gas to develop it.
Another factor might be that the smaller engines will wear out quicker than a larger one that isn't being taxed so heavily working at a lower rpm/throttle setting.
You might look at a light weight Evinrude etec to get both the light weight and have reserve power at the same time.
Just some thoughts...
Joe. :teeth