You shouldn't have any problems whatsoever, except for the observed lack of power.
Maybe you can look into replacing the motor. You might be able to substitute the motor with just about anything. The "Little Giant" pumps are similarly spec'ed, you might be lucky and be able to adapt it.
The biggest obstacle will be to find a motor that has the same size shaft. Then, you'll be challenged with mounting the motor perfectly straight to the housing.
Good luck!
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