If your replacement heater will be used to heat your pool, then replace it with a heater of the same b.t.u. capacity as the current unit.
Do you want to heat just your spa because it is cost prohibitive to heat the pool? If this is the case then a heater of just 250,000 b.t.u. or less is plenty to quickly heat most residential spas.
Figures based on a 30 degree F. temperature rise, 3 1/2 MPH average wind velocity and elevation up to 2000 feet above sea level.