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After the drive was reinstalled, it was found to be locked up. I took it back off to see what was up. Somehow, a pinion gear broke in half. I also found the needle bearings very loose, so the drive would need a rebuild. I found this 2 year old Sterndrive Engineering aftermarket SE-106 drive (with the correct drive ratio) on Craigslist for a lot less than a new one. It would have cost more to have the old unit rebuilt, so I made out like a bandit with this (A LOT of good luck that day). The stainless steel prop that came with it would be too agressive for my boat, so I swapped it with the old one.

 
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