I would buy an electric water heater for 300 bucks and leave the boiler alone. Turn it off in the summer.
That storage tank would be close to the cost of a modern boiler, not to mention the plumbing.
That makes GREAT sense in most places, not so much in some of the high-cost electricity markets in New England.
If the flow through the coil is still OK and it's just the output temp that's the problem, plumbing the output of the boiler's coil to feed the cold input to the electric water heater reduces the otherwise slow recovery time of the electric heater during the heating season, and in the summer the incoming water temps are already much higher.
The efficiency of an indirect in summer is only about 40-50%, but improved somewhat with a heat purging economizer. At $3.50/gallon oil at 50% effieiciency you're only getting 138,000/2= 69KBTU for $3.50, or 19.7KBTU/$.
With 15 cent electricity and a 0.90 EF tank you get 3412 x 0.9= 3071 BTU for 15 cents, or 20.5K BTU/$
...which isn't very different. In 20 cent/kwh areas it's still cheaper to heat hot water with oil, even in the summer, (but that may change with the increasing demand for diesel in South America, a huge export market for the same northeastern refineries that make your heating oil.)
During the heating season the average efficiency of the boiler will be much higher at least 65%, since the standby loss accrues to the house when you actually need and want the heat, and that would make heating hot water with $3.50 oil significantly cheaper than 15 cent electricity during the heating season, so pre-heating the cold feed to the HW heater would still be the right way to go. If you have 10cents/kwh or cheaper electricity, STOP HEATING WITH OIL, at least until the price drops. (Separate topic, but have you considered heating at least partially with a mini-split heat pump? It's half the cost of heating with oil if you get a decent one, and pays for itself in 3 years or less on oil savings at current oil prices.)
If this basement is uninsulated it's a good idea to retrofit R6 pipe insulation to the heating distribution plumbing, even the return lines. (Better yet, insulate the basement walls with a couple inches of rigid foam.), and since that boiler is likely 2-3x oversized, even if it isn't your primary hot water heater a retrofit Intellicon or similar would very likely cut the fuel bill by double-digit percentages.