Yes, it would be easier, but it wouldn't be cheaper. The 16 HP Vanguard is expensive to rebuild (a lot of parts are no longer available), the engines are prone to overheating, and they are underpowered when running a 48" deck.
I've regretted getting the 16 HP engine since shortly after buying it; I wished that I spent the extra ~$250 and gotten the 18 HP Kohler instead. I think I would have been happier.