Got out tonight finally to do some boarding. I believe the water to be coming from the shaft seal packing. Has anybody done this without pulling the floor up?
Another thing I noticed is that when engaging into gear the transmission chatters a little until you idle it up a hair. I wonder if my idle is set too low and it is having trouble engaging? The tach is not working, but it seems to take less than 50 rpm to quiet the chatter.
That spot just happened to be where I bought the boat. I couldn't believe that a 4" drop didn't get me low enough, you are right I will need to buy a 6". Man does it pull nice though, I guess because the engine weight is on top of the axles.
I will probably post a couple more pics in the next day or two because I'm a dorky, enthusiastic new boat owner. It's nothing fancy, but I like it and it's mine!