You may or may not be correct. A PDF can have both page images and a text layer allowing searching. A 45MB PDF strongly suggests page scans; a text-only PDF would be much smaller.
Direct conversion of PDF to Mobi or KF8 is never going to work well. Extensive manual editing is going to be required. You will not find anyone to do that for you free of charge - it's just grunt work; dozens and dozens of hours of it for a typical book.
That's why I suggesting using a decent OCR program. It won't be perfect, but it will give you results that are enormously better than a direct conversion of the PDF.
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