The $150 quote is ridiculous, if it was real and they were going to do what you said, you should have jumped on it immediately. Maybe the $150 was parts only? The $350 might still be low, considering parts, labor, tax, coolant, hose clamps, shop supplies etc...
Parts haven't gone up that much, but an older estimate might have included a cheap rebuilt pump, and they've been burned on those, and might be using OEM or at least a different reputable part? There might be more wrong with it now too, maybe they added a belt, or hoses, or fan clutch etc.
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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